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Payroll System

Payroll System

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Published by: api-3823121 on Oct 18, 2008
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03/18/2014

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Payroll system is the heart of any Human Resource System of an Organization. Thesolution has to take care of calculation of salary as per rules of the Company, Income-Taxcalculation and various deductions to be done from salary including statutory deductionslike Income Tax and Provident Fund deductions. It has to generate pay-slip, chequesummary and MIS reports. Payroll System Employee Information SystemEmployee Information SystemAttendance and Leave ManagementEarning & DeductionsLoan Accounting SystemInvestmentsPayroll ProcessingReporting & AnalysisSecurity and AdministrationPersonal InformationFamily InformationQualificationExperienceHealth InformationBank AccountCompany InformationLeave EligibilitySalaryEarning & Deductions Earning Types# Regular (e.g. Basic, Conveyance, HRA etc.)# Adhoc (e.g. Bonus, Performance Incentives etc.)
 
Earning Definition# Grade-wise or Employee-wise# Fixed Value or Formula based# Monthly or Yearly# AccumulationStatutory Deductions# PF# EPS# Income TaxOther Deduction# Adhoc (e.g. Loans, Advances etc.)Loans and Advances Employee InvestmentsLoan TypesLoan EligibilityLoan Management# Application# Balance Tracking# RecoveryLoan Disbursement to InstitutionsInvestment Definition# Investment types# Investment limitsInvestment Management# Proposed Investments# Actual InvestmentsReportsPayslipAttendance Register Department-wise SalaryEmployee-wise SalarySalary DisbursementIncome Tax StatementForm No 16Loan StatementLoan Letter PF Contribution
 
Major Modules of Payroll Software
Employee ProfileLeave Management SystemTime Management SystemPayroll Management SystemEmployee Transfer, Promotions & Increments.HRD ProceduresReports 
Employee Profile
Employee Joining Information.Probation Confirmation details.Employee Profile.Employee Current position and jobprofile.Family background details.Employee Local address and Referencesdetails.Employee Emergency address andcontact person details.Employee Qualification and experiencedetails.Employee Medical History.Employee Accidents Information.Awards given to Employee and theirChildren.Documents submitted by employee.Employee Club Membership Profile.Assets given to employee.Employees extra Circular Activities /sports / social etc.Employee Training details.Employee Appraisals History.Facility Given to Employee.
Employee Transfer, Promotions & Increments
Transfer Details.Promotion Details.Increment Details.
Leave Management System
User Defined Leave types.Leave Balance Details.Leave Application.Leave Approvals.Leave rules.
Time Management System
Employee Shift & Shift rotation withrespect to shift cycle.Employee time management, LateComing, Early going, Absence due totravel on Duty etc.Attendance data can be transfer fromany Time Recording Machine.Overtime Details.Manual Attendance done By Employeedetails.
Payroll Management System
User defined Salary Heads.Salary formula.Professional Tax Slab (State-wise).Create your own Salary Structures.Payslip Generation
HRD Procedures
Final SettlementGratuitySuperannuationTax Calculation 
LIST OF REPORTS AVAILABLE UNDER VARIOUS MODULES
Company

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