Payroll Management System

The prime objective of a Payroll Management System in an organisation is essentially salary computation considering various earnings, deductions and investments, generation of payslip and various MIS reports. So the collection of payroll related data of all employees spread all over the organisation and integrating the entire process of compensation is the object that is fullfilled by this package.

This system takes care of all the possible payroll activities and procedures followed in an organisation by defining the entire functionality into a modular pattern and systemic processes which can be used for carring out all the daily, monthly and yearly transactions related to employee compensation. The main fearures of the product are :

  • Salary of a particular employee can be calculated using pay scales or defined salary structure.
  • Unlimited pay scales with unlimited pay slabs can be defined.
  • Unlimited income or deduction heads can be defined.
  • User can decide the rounding of calculated amounts.
  • Facility of Setting multiple loan accounts (without interest loan, salary advance, interest based loan).
  • Facility of keeping track on outstanding loan and interest and deduction of loan every term.
  • Overtime formula and calculation as per organisation.
  • User defined arrears calculation method.
  • Formula wizard’s facility to user to set formula depending on the employee data and various other calculations.
  • Facility of defining the percentage of share of employer PF and Pension.
  • Facility to credit the leaves as per organisation requirement.
  • Availability of leave details as per user specific period.
  • Facility of setting leave type and its effect on salary heads.
  • User can group employees into different group on the basis of leave applicable to them.
  • Facility of retriewing the current leave balance of any employee.
  • Shorter procedure to calculate annual leaves data of all employees.
  • User defined pay slip and pay bill (Pay sheet) printed on 132 col printer.
  • Professional tax Monthly/termly deduction.
  • TDS monthly deduction.
  • Provident Fund monthly deduction.
  • Annual Payslip.
  • User defined bank statement and cash statement.
  • Leave balance report of an employee.
  • Employee leave register on 132 col printer.
  • Form 3A, 6A, and 16.
  • Provident Fund deduction report.
  • Professional Tax deduction report.
  • TDS deduction report.
  • MIS reports like Annual Increment Report, Salary Summary, Salary Status Reports, Earning Deduction Summary, Probation Due for confirmation, PT Summary, TDS Summary.