Payroll Maintenance
Checklist for an effective E-payroll system
- ECR (electronic challan cum return document)
- Registration certificate
- Company GST and TIN
Payment Schedule:- A flexible and fixed schedule
- Weekly
- Bi-weekly
- Half-monthly
- Monthly
CLASSIFYING EMPLOYEES
Employees are supposed to be classified on the basis of following categories:-
- Permanent employees
- Interns
- Contractors
- Freelancers
- Schedule payment employees
COMPENSATION TERMS
For keeping tab on:-
- Office timing
- Working hours of employee
- Overtime
- Appraisal or degradation of the salary according to performance.
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Frequently Asked Question
- Basic salary
- Allowances
- Employee provident fund/PF or EPF
- Gratuity
- Variable pay
- Perks/perquisites
Form 16 is TDS certificate for salary earnings. FORM 16 A is TDS certificate for non-salary earnings
- Employer identification number
- Relevant employee tax information
- Select a payroll schedule
- Tabulate gross pay
- Estimate employee’s deductions
- Determine net pay
Yes
It is manages via software technology specifically designed for payroll maintenance
On daily basis according to the changes in pay, salary, employee working hour, benefit deduction and bonuses.
It is a processing that communicates the payroll with the HR data in a single platform
From the actual salary of the employee when the tax deductions and withholdings are deducted, the net pay is calculated
The Human Resource Office manages and prepares payroll maintenance