Payroll System

Classic Payroll System

Employees are the main assets of an organization. Classic Payroll System HR & Payroll facilitates all the HRD, Personnel & Payroll related activities of an organization. This module is suitable for any type of salary structure and reporting structure. Detailed employee database is maintained along with the details of salary, attendance, leave and appraisal/promotion of each employee. Classic Payroll also generates the income tax plan for all employees taking into account the investment and other details.

Features:

Highly parameterized, suitable for any organization, reduction in data entry.
Automation of recruitment procedure and maintenance of candidate databank.
Track of employee history of appraisals, promotions, transfer and separation.
Complete income tax functionality.
Generation of statutory PF, ESI and Income Tax reports.
Manpower planning and recruitment (pre- and post-interview action plan for scheduling, selection and evaluation).
User definable salary components for earnings, deductions, allowances and reimbursements (no limitation on number of salary components per employee).
Defining statutory parameters for PF, ESI, Superannuation and Gratuity.
Payroll calendar – based on working days/payment days.
Professional tax according to locations.
Leave entitlement details for each employee.
Facility of Full attendance transfer to mark ‘present’ for entire month and update leaves later to reduce data entry effort.
Recording advance compensating off department/employee wise.
Arrears calculation.
Loan structure, application and sanction of loan and updating in Finance based on installation plan.
Category/employee wise salary processing taking into account attendance, salary components, PF, ESI, arrears, tax and reimbursements.
PF/ESI details of employees.
Leave encashment.
Employee history – promotions, transfers, salary increments.
Complete separation procedure – settlement and exit interview, Full and final salary processing, gratuity and superannuation.