Cloud Payroll Management Software

Pay Slip

Payslip includes Pay Category Details like Salary Code, CTC, Variable, Fixed, Professional Tax and type of salary (Earning/Deduction).

Statutory Compliances

Statutory compliances contains different panels like ESI (Amount which comes under ESI applicability, employer contribution to ESI (%).), PF(enter the amount which comes under PF eligibility), professional tax etc..

Full & Final Settlement

This is used to define the reason behind the Resignation by the employee. This list will reflect in the activities and process of the full and final statement.

Statutory Compliances

Provident Fund – PF

Employer PF percentage and component selection is setup based and employee PF amount 12% will be calculated on basic component. Both contribution amounts will be deducted from the ctc every month.

Employee State Insurance - ESI

ESI amount will be calculated 4.75% from employer side and 1.75% will be calculated from employee side. These amounts will be calculated on monthly gross and limit can be set up based. If the gross amount is less than the setup limit amount those people will eligible for ESI.Both contribution amounts will be deducted from the CTC every month.

Income Tax (TDS)

TDS will be calculated on CTC. Slabs will be defined based on age and CTC ranges this will be reflected in the tax part. The user can check declaration form multiple times in their perspective. Actual is the final one to submit the documents and file the income tax to the government

Profession tax (PT) For Most Indian States

This slab used to set the professional tax for state wise with salary ranges. PT amount will be deducted from the salary every month based on salary ranges define in the slabs.

Author : Abhi Ram

13 comments

comments

Suzan Brown

30 May 2018 at 03:16 delete

Thank you for sharing this blog! These percentages and information will help me be more precise with my payroll calculations. A good payroll software can help you with you payroll processing.

factoHR

4 July 2018 at 23:12 delete This comment has been removed by the author.

4 August 2018 at 02:27 delete This comment has been removed by the author.

14 August 2018 at 20:28 delete This comment has been removed by the author.

Unknown

13 September 2018 at 02:52 delete

Thanks for sharing this information. The article on Expense management software was really useful.

Talha Shahzad

26 September 2018 at 05:29 delete

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7 January 2019 at 19:43 delete

Cloud payroll software can change the way departments function and Enhanced User Accessibility, Increased Employee Productivity and Eliminate Paper Clutter.

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vasanthanju

23 March 2019 at 02:19 delete

A payroll officer needs to do careful planning. There are always ongoing tasks that need attention and a constant need to monitor changes to withholdings, contribution to social security funds, etc. Payroll software India

jewelsinfo

18 June 2019 at 00:07 delete

Payroll Software Jewels payroll helps the organization to maintain the costing of each employee at a single place. Concern MIS reports generation is effective & easy. Jewels Payroll Software provides multiple types of reports based on salary, reimbursement, advance, bonus, incentive, etc., in quick excel format.
It helps you to timely and accurately process salary, efficient handling of reimbursements, Loans & Advances and PF, ESIC CHALLANS and TDS. It is an effective HR payroll solution for large, medium and small all types if jewelry related enterprises.

laya

27 September 2019 at 21:43 delete

Thanks for posting, it calculates the statuary compliances a Payroll Services is an outside company that specializes in every aspect of the payroll process. Corporate Payroll Services has helped small and medium sized businesses with payroll processing and tax filling.

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24 December 2019 at 01:48 delete

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Hope this helps

12 September 2020 at 09:37 delete

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