Payroll
Payroll
Product Overview
Payroll system consists of Preparation of Wages after effecting necessary earnings/deductions. The benefits that accrue from this system include Monthly reports of various deductions, department wise breakup of wages, PF Statutory reports, computation of Income tax, Gratuity liabilities & Pension funds etc. Software is fast to implement, easy to use and delivers immediate results that helps to make employee planning an effortless job with minimized management costs.
Given below are the details of Inputs/Outputs.
FEATURES
Employee Wise Personal Information
Basic Salary
Grade/Level
Details Of Loans & Advances
Pf &Vpf Contributions
Group Insurance Deductions
Pay Slips
Pay Register
Department wise Pay Summary
Pf Ledger With Interest Calculation
Monthly Deduction Statements
e.g.
- Arrear paid
- Catering
- Club membership
- Club recovery
- Conserv. Tax
- Contribution
- Difference all
- Electricity
- Fees
- Furniture
- Grocery
- Income tax
- Insurance premium / lic
- Maint-(b&r)
- Misc. Deduction
- Other deduction 1(master)
- Over drown salary
- Personal a/c
- Professional tax
- Rmaiden store
- Staff benefit fund
- Staff medical benefit fund
- Stationary & printing
- Suspence account
- Trunk dial/telephone
- Tuck shop
- Water
Monthly Allowances Statements
e.g.
- Transport Allowances
- H.R.A.
- Other Allowances
Outstanding Loan Statement
Outstanding Advances Statement
Bank Statement
Annual Income Tax Computation
Pay Computation Algorithm Based On
Attendance & Other Earnings / Deductions
Earnings :
- Basic Payable
- D.A.
- D.A.Arrears
- H.R.A.
- Transport Allowances
- Other Allowances
- Arrears
- Cl payment
- Education allowance
- El payment
- Entertainment allowance
- Extra working payment
- Hca
- Hof allowance
- House rent allowance
- Jr. House master allowance
- Lta
- Misc payment
- Misc. Allowance
- Npa
- Other earning 1(attn)
- Over time
- Responsebility allowance
- S.h.m. allowance
- Washing allowance
- Winter allowance
Recoveries & Deductions :
- P.F.
- V.P.F.
- Loan
- Electrical Charges
- Bank Loan
- Staff Bill
- Salary Advance
- Festival Advance
- Child. Educ. Advance
- Other Deductions
Loan
- Education loan
- Medical loan (class iv)
- Other loan i
- Other loan ii
- Pf interest withdrawl
- Pf withdrawl
- Sbf loan
- Vehicle loan
- Vpf withdrawl
For Further details contact us at:-
Contact No: 0 92 12 61 50 44, 0124 – 42 65 737, 40 66 299 email: contact@twt.co.in, contact@touchwoodtech.in www.twt.co.in www.touchwoodtech.in www.TouchWoodTechnologies.com www.schoolmis.blogspot.com
Hello, this is a great blog!