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u s i n e s s A p p l i c a t i o n s |
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Payroll
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Features
- Pay, allowances, benefits and subsidies
- Extra work, Overtime & Bonus
- Deductions - Statutory (PPF, FPF, ESI, Professional Tax)
- Loans & Advances
- Leaves - entitlements, and encashments
- Income Tax calculations and Deductions at source
- Monthly Pay calcluation can be pro-rated by number of days in the particular month or by 30
- Employee Bonus
- Final settlement, Gratuity, Superannuation
Payroll is handled efficiently through the software by taking into account the attendance for the month. Appropriate heads, etc. can be created by the company and payslips generated smoothly.
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Initial Company Setup
- Allowances/Deductions like Basic, HRA, D.A, Conveyance can be created.
- Allowances can be defined as either fixed for the month or percentage of another component.
- Taxes applicable and their calculation structures
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Initial Data Entry/Periodic Updation
- Employee particulars
- Employee's pay structure - (Allowances, Deductions etc)
- Deductions applicable
- Recoveries for facilities provided
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Payroll processing procedure
- Periodic Data Entry
- For each period (Monthly or Fortnightly or Weekly) the following are entered for each employee:
- Days attended
- Days leave availed (by each type of leave)
- Any ad-hoc allowances or deductions to be made for the period.
- Advances taken with stipulations for deductions per period. (multiple
- advances may run concurrently)
- Leaves encashed
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Paybill Generation
All calculations are performed for each employee i.e allowances, deductions - statutory & tax, recoveries of advances, adjustments of leaves The calculated data is displayed on screen for verification and then saved.
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Statutory Requirements
Statutory forms such as PF, ESI , Professional Tax, TDS, etc can be generated. There is no need to appoint additional labor to perform these tasks. Once the payroll is generated, all the forms can be printed.
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Reports
- Salary Slip
- Salary registers
- Salary Statement - Depositing in Bank/ Cash/ Cheque
- Salary Heads Details
- Deductions schedules and all returns & statements required for statutory purpose in prescribed formats
- Bonus Details
- Overtime Statements
- Conveyance Details
- Leave balances and reconciliation statements
- Advances balances and ledgers
- Department wise statements and statistics
- Consolidated statements & summary sheets
- Employees annual earning & deductions statements
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