2. 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.

3. 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

4. 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

5. Main heads of Payroll
Deductions
Earnings

6. 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.

7. Other information Employee Details Attendance Details Payroll Reports
Payroll Statutory Reports

8. Implementation of payroll in Tally.ERP 9

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

10. Questions?

11. Thank You