Payroll Management System is a versatile payroll calculating software that incorporates basic salary structure, bonuses and leaves, advances and loans taken. It also takes into account government defined PF/Gratuity/HRA/ESI rules. Payroll Wizard delivers the extensive collaboration, self-service & aligns the human resource management practices with the business objectives. Apart from computing employee pay, overtime, deductions, allowances, and executing tax calculations, It processes leave accrual/usage, determines eligibility for benefits generating salary statements, and pay slips as well as optional linkage of loans/advances with transport charges. Also, year-end reporting is automated, and both pay slips and annual reports are archived for future reference.
- Salary setting
- Basic pay, increment, deduction setting
- Salary calculation, pay slip and salary certificate
- Staff leave calculation and deduction
- Over time calculation
- Tax calculation i.e. TDS Gratuity
- Allowance and deduction (CCA, PF, HRA etc.)
- Option for linking deduction with loan and transportation charges
- Staff advance /loan recovery
- Salary statement/ statement for bank
- Pay slip generation, Salary posting alert
- Customized report for management purpose