Meaning of Payroll The term Payroll refers to a series of accounting transactions involved in the process of paying employees for the services rendered after taking all the statutory and non-statutory deductions into account.

Features of Payroll Instant Access to Employee Information Pay the right amount - on time Manage Increments and Arrears Loans and advances Meet all accounting and Regulatory norms Payroll and Statutory Reports

Instant Access to Employee Information Centralized Database for Employees Instant access to Personal, Statutory and Expat details Manage Employees by Groups, Designation, Location and Shifts etc. Complete lifecycle support - Joining to Resignation Manage – Attendance, Leave, Overtime and Production details

Main heads of Payroll Deductions Earnings

Earnings: Deductions: Earnings & Deductions Basic Pay, Dearness Allowance, HRA, Conveyance Allowance, Overtime, Bonus, Incentive & Leave Encashment etc.., Deductions: Statutory Deductions : PF, ESI, NPS, PT & IT are direct deduction from employee salary. (only for PF, NPS & ESI has Employer Contribution) Other Deduction: Salary Advance, Late punch & any other specific to company norms.

Other information Employee Details Attendance Details Payroll Reports Payroll Statutory Reports

Implementation of payroll in Tally.ERP 9

Improve employee satisfaction Handle Salary Revision Instant Arrears Calculation Manage the impact of Salary increment on PF, ESI and PT Handle Bonus and Gratuity

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