Our Payroll Management System is a great tool for automating and simplifying your organization's employee compensation.
Salary Components
Our Payroll Management System's flexibility in configuring salary components based on policies, marking them as fixed or variable, and controlling their taxability and pay slip display adds great value for customization and compliance. It ensures that the payroll aligns with both internal and external regulations while giving employees clear visibility of their earnings..
Statutory Components
1. Provident Fund (PF): The admin can configure the provident fund contribution percentage between the employee and the employer, and set the deduction cycle (quarterly, monthly, or annually).
2. Employee State Insurance (ESI): The admin can configure the ESI percentage between the employee and the employer, and set the deduction cycle (quarterly, monthly, or annually)
3. Labour Welfare Fund (LWF) Ihe admin can configure the ESI percentage between the employee and the employer, and set the deduction cycle (quarterly, monthly, or annually).
Salary Templates
The admin can download the salary template in Excel format based on the configured components for all employees to fill the salary structure against every employee and upload it to process to the next stage, and it will be applied to upcoming months of all employees till further upload.
Pay Management
1. Salary Dashboard: The admin has the flexibility to either change the paid days of a single employee or multiple employees for a specific month.
2. Salary Processing/ scheduling: The admin has the flexibility to either process salaries for a specific month or schedule a payroll cycle over a range of months and years.
3. Salary Processed List: The admin can freeze or hold the salary for one or more employees, and once it's frozen, the system will not be allowed to change to that salary.
Professional Tax
The admin can now configure the professional tax rate considering salary ranges, state, and gender within System.
Other Features
1. Form 16 Download.
2. Loan section.
3. Payslip download.
4. Income tax declaration and submission.
5. TDS
6. Pay Register Report