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PAYROLL PROCESSING

FOR INDIAN COMPANIES

Features At A Glance

  • Keep track of employee information, increments, promotions, Payments till date (YTD), leave records, etc.
  • Manage employee leave balances, credit, availing, etc
  • Complete handling of payroll processing
  • Manage PF, ESI, Prof. Tax, Income tax, Labor Welfare
  • Automatic deduction of salary advances, loans, Income Tax, TDS & leave-without-pay
  • Payroll processing with the flick of a button
  • Payslips printing & emailing (with password protected PDF files)
  • Bank transfer statement (with option for excel/text file export)
  • Department-wise, Unit-wise Salary and Costing Statement.
  • All statutory reports
  • MIS reports
  • Reconciliation & audit tools
  • Excel import facility for mass data upload

Features -- Payroll Processing

  • Any number of income components (basic, DA, HRA, OT)
  • Any number of deductions (pf, esi, income tax, advances, etc.)
  • Different employee types: permanent, contract, trainee, etc.
  • Different rules for different type of employees: pf eligibility, esi eligibility, income tax, etc.
  • Automatic payroll processing, month after month (once employee information and salary details are entered.)
  • Handles pro-rating of salary for newly joined employees, resigned employees and in case of leave-without-pay.
  • Complete income tax computation, projection for future months, declarations, etc. handled.
  • Easy final settlement and arrears management

Features -- PF, ESI, Professional Tax

  • Handles all requirements of PF, ESI and Prof. Tax deductions.
  • Configure the employees for whom these deductions are applicable
  • Configure the amount amount on which PF is computed
  • Reports include:
    • PF Monthly Returns - R1
    • PF Monthly Joinees - Form 5
    • PF Monthly Resignations - Form 10
    • PF Annual Reports - Form 3A and Form 6A
    • ESI Monthly Returns including ESI Challan
    • ESI Annnual Returns - Form 6 and Form 7
    • Profession Tax Monthly Returns
    • Profession Tax Annual Returns

Features -- Income Tax

  • Handle all Income Tax requirements accurately and easily.
  • Accurate Income Tax calculation every month.
  • Digitally Signed Form 16 PDF documents.
  • Income Tax returns - Form 24 and Form 24Q
  • Print / email detailed Income Tax calculations to employees.
  • ESS lets employees to do what-if analysis on Income Tax.

Features -- MIS Reports

  • Payslips with information on Days Worked and Leave Days
  • Salary Registers - Ability to create your own formats
  • Bank Transfer Statements - available for all major Banks
  • Department-wise, Unit-wise JV and Salary Cost Statements
  • Payroll Differences Statement - compare previous and current month's Payroll for changes and exceptions
  • Loan Registers, Reimbursement Registers
  • Leave Register

Features -- Payroll Others

  • Apply Overrides on any components. Stop application generated values from being considered for a Payroll.
  • Loan management: Various types of loans to employees like vehicle loan, housing loan, etc.
  • Reimbursements: Keep track of limits and entitlements for reimbursements like medical, LTA, conveyance, etc.
  • Arrears: You can process arrears for any previous period
  • Final Settlement: Easy settlement of resigned employees covering leave encashment, loan dues, etc.
  • Audit trails

Features -- Leave

  • Define any number of Leave Types - PL, CL, SL, Maternity Leave, LOP, etc.
  • Extensive business rules definition capability for crediting, availing and year-end process.
  • Credit leaves annually, monthly, quarterly, based on years in service, etc.
  • Define rules for granting leaves - clubbing, covering, based on status, etc.
  • Facility to cancel, withdraw, lapse and comp-off credit.
  • Multi-location Holiday list.
  • Enable employees to view their Leave details and apply for Leave online.
  • Enable Managers to view the Leave details of their team members online.

Employee Self Service

  • Enable your employees to view their salary information whenever they need. Information includes:
    • Online Payslips
    • Online Reimbursement payout information (Reimbursement Slips)
    • YTD Register (Year to date information on Income and Deductions)
    • Loans Information
    • Income Tax calculation statement
    • Reimbursement Statement - Entitlement, Claims and Balances
    • PF YTD - information on PF deductions done and employer contribution
  • Apart from providing facilities for an employee to view his information, features are also available to automate a number of processes. These include
    • Online Income Tax savings declarations by employees
    • What-if analysis of Income Tax - change Rent and other parameters and check out how income tax will vary
    • Apply for reimbursement claims online with approval by the administrator and direct updation into the payroll
    • Facility for employees to post Trouble Tickets (issues) online. Responses and resolutions can also be posted online.

Payroll Online Benefits :

Benefits for Administrators

  • 100% accuracy in all calculations every month
  • Effortlessly meet all statutory compliance requirements related to PF, ESI, Profession tax, TDS, Income tax, etc.
  • Reduced data entry and manual work. Enter key information once and it is used to automatically generate all reports and statements.
  • Increased productivity - save hours and days of effort.
  • Consolidate all information in one single location. Keep track of all historical employee or salary information.
  • Easily generate dozens of reports
  • Minimize complaints and queries from employees

Benefits for Top Management

  • Access to payroll information, MIS reports, dashboard from anywhere
  • Assurance of 100% statutory compliance
  • Keep payroll data confidential
  • Better information sharing between administrators and management; eliminates private knowledge
  • No need for IT support or maintenance
  • Automatic backup of data
  • Highly reliable; access from anywhere, anytime. No people dependence.
  • Motivate employees and minimize employee dissatisfaction

Send Inquiry to : mailto:payroll@nrisharejunction.com


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