Payroll Benefits & Taxes

Features

Pay Modeling>Calculation Setup>Benefits & Tax Modeling>Arrear Modeling

Payroll Definition

Create Regular, Arrears or Settlement Payroll for different Grades, Positions employees

Pay Element modeling

  • Create / maintain Pay Elements (e.g. Basic, HRA, Etc.) with multiple Effective from & to Dates
  • Attach Employees by Location, Grade, Position, etc.
  • Assign Calculation types like Flat, Table (Formula based), etc.
  • Formula can be defined in the Payroll Rule Builder

Rule Builders

  • Define formula for regular pay elements
  • Attach these rules to the respective pay element(s) & employee(s)

Integrated with other modules

Payroll is integrated with other modules like Loans & Advances, Employee Lifecycle, Leave & Attendance

Loan Type

Define different types of Loans (e.g. Salary Advance, Staff Loan, Vehicle Loan, etc.)

Loan Payment / Repayment

  • Loan payment entries can be recorded whenever it is issued to employee(s) with number of EMIs and EMI amounts
  • Loan Repayment by the Employee(s) can be recorded. Employees can repay in full or part amount
  • This will adjust the loan amount

Loan Deduction

  • Process Loan at the month to get list of employees with current month EMIs
  • Payroll process will take the processed loan EMIs and deduct in the salary
  • View employee wise / loan type wise loan balances at any point of time

Benefits (ESI/PF)

  • Pre modeled Rules for India are applied in the software based on current statutory norms
  • Load current rules applicable for the Indian environment with relevant minimum and maximum values
  • Map employee(s) to the respective Payment authorities

Professional Tax

  • Define Professional Tax Slabs state wise
  • Define tax deduction periods
  • Calculate Professional Tax (processed along with payroll process)

Payroll Process

  • Payroll can be processed for a selected payroll for a period
  • Can check the mapping of pay elements attached to employees prior to processing
  • Can be pre-processed to view any mismatch
  • Corrections, if required, can be done and re-processed any number of times till it is finalized

Pay-slip and Email pay-slip

Generates Pay-slip on finalized Payroll. Pay-slips can be emailed to employees.

View Payroll Summary

Shows the summary of payroll processed values. Can be viewed with various combination like, by Location, Payroll, etc.

Statutory Reports

  • ESI e-Filing
  • PF e-Filing