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Payroll

Input

Data Upload and Configuration: Upload employee data and configure payroll settings.
Processing Timeline and Calculations: Schedule payroll activities, calculate incentives, and handle overtime.
Employee Management: Update employee information, process new hires, and manage deductions.
Benefits Administration: Handle insurance contributions and deductions, ensuring compliance and accuracy.

Process Elements

Processing and Components: Monthly processing of salary with FBP components, handling proration, LOP, and arrears.
Statutory Compliance: Calculate statutory deductions and taxes accurately.
Loan Management: Amortize loans and handle specific salary and gross calculations.
Configuration and Final Settlement: Configure multiple pay elements and process final settlements monthly.
Year-end and Tax Filing: Reconcile investment proofs annually, prepare Form 24Q quarterly/annually, and issue Form 16 (Part A and Part B) without DSC.

Payroll ESS

Payroll Information & Payslips: Provide regular pay information and payslips.
Reimbursements: Process reimbursements annually.
Income Tax Declaration Form (ITDF): Monthly submission.
Employee Pension Scheme Form (EPSF): Annually open from February 1st to 15th.
Provident Fund (PF) Details: Maintain records of PF contributions and withdrawals.
Tax Computation and Calculator: Prepare tax computation sheets and provide a dynamic tax calculator.

Payroll Reports

Salary Register: Keep track of employee salaries.
Head Count Report: Monitor the number of employees.
Employee Master: Maintain comprehensive employee records.
Loan Register: Manage employee loans and repayments.
Payslips / Tax Computation: Provide detailed payslips and calculate taxes.
Bank Credit Advice: Generate advice for salary payments to banks.
Employee/Element Variance Report: Analyze discrepancies in employee data or elements.
GL Report: Prepare a report for accounting purposes.
Income Tax Declaration Report: this report provides details of the declaration.
EPSF Report: Provides insight on the income tax proof submitted by the employees.
Employee CTC Report: This report provides a comprehensive view of employee CTC.

Payroll Statutory Reports

Provident Fund Report: Details contributions and withdrawals for PF. Income Tax Report: Summarizes employee income tax deductions and payments.
Professional Tax Report: Outlines professional tax deductions.
ESI & LWF Report: Provides information on Employee State Insurance and Labor Welfare Fund contributions.
- Provident Fund ECR File and Challan.
- Statement IW 1 for International Workers.
- Form 7 I F (for establishments that have obtained EDLI exemption from RPFC).
- Employee State Insurance Corporation deduction report.
- Employee State Insurance e- challan.
- Generating and submitting online half-yearly returns for ESIC.
- Professional Tax deduction report.
- Labour Welfare Fund deduction report.

Payroll Governance Reports

Income Tax Variance report: This report provides details of variance of previous and current month.
Variance Report: This report identifies the variances in the following categories:
- CTC (Cost-to-Company) Vs. Current Month.
Net Pay Reconciliation to Bank Advice: A report that reconciles the net pay disbursed to employees with the bank advice.