Hi Seniors,
Can anyone please brief me on the HR Payroll process? What are the job responsibilities involved in it? I've searched for the same, but I'm a bit confused. Another question is - do firms use software for the entire payroll process, or is some part of the payroll done on Excel? Could you please tell me the name of the payroll software where I can practice payroll activities (the entire process) with raw data?
Thanks and Regards,
Sumit
From India
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1Can anyone please brief me on the HR Payroll process? What are the job responsibilities involved in it? I've searched for the same, but I'm a bit confused. Another question is - do firms use software for the entire payroll process, or is some part of the payroll done on Excel? Could you please tell me the name of the payroll software where I can practice payroll activities (the entire process) with raw data?
Thanks and Regards,
Sumit
From India
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Dear Mr. Sharma,
The payroll process starts from attendance and leave data merging with payroll. Then one should consider:
1. LWP
2. Loan and Advance Deductions
3. Tax Deduction
4. Reimbursement Addition
5. ESI, PF, and P.Tax Calculations
6. Miscellaneous Deductions (Subsidized Food, Transport, Accommodation, Insurance, etc.)
7. Increment Updation (if increments are done on a monthly basis)
8. New Joining Addition
9. F & F of Left employees
10. Arrears consideration
These are a few common activities of the payroll process.
From India, Kota
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The payroll process starts from attendance and leave data merging with payroll. Then one should consider:
1. LWP
2. Loan and Advance Deductions
3. Tax Deduction
4. Reimbursement Addition
5. ESI, PF, and P.Tax Calculations
6. Miscellaneous Deductions (Subsidized Food, Transport, Accommodation, Insurance, etc.)
7. Increment Updation (if increments are done on a monthly basis)
8. New Joining Addition
9. F & F of Left employees
10. Arrears consideration
These are a few common activities of the payroll process.
From India, Kota
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Dear Akhil sir,
I'm familiar and comfortable with all of the Payroll parts which you mentioned in the reply except Loan and advance deductions. As the firm I've worked with was a very small firm with hardly 30 employees, and my profile wasn't in HR payroll or generalist roles, that's why I was confused with this payroll term. So, sir, could you please brief me about loan and advance deductions, how to calculate them, and how much % is involved.
Thanks and Regards,
Sumit Sharma
From India
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I'm familiar and comfortable with all of the Payroll parts which you mentioned in the reply except Loan and advance deductions. As the firm I've worked with was a very small firm with hardly 30 employees, and my profile wasn't in HR payroll or generalist roles, that's why I was confused with this payroll term. So, sir, could you please brief me about loan and advance deductions, how to calculate them, and how much % is involved.
Thanks and Regards,
Sumit Sharma
From India
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Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Regards, Suresh
From India, Chennai
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Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Thank you, Sumit. It was really useful.
Regards, Suresh
From India, Chennai
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Dear Sumit,
Loan - If any employee has taken a loan from the employer, then you need to deduct the mutually agreed monthly installment or as per the loan policy from the salary under the Loan Deduction Head.
Advance - If any employee has taken a salary advance or part of a salary advance before salary disbursement as per the Salary Advance Policy, then you need to deduct that part or the full salary advance under the Advance Head.
For further queries, you can call me at 9468625405 between 1300 hrs - 1600 hrs.
From India, Kota
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Loan - If any employee has taken a loan from the employer, then you need to deduct the mutually agreed monthly installment or as per the loan policy from the salary under the Loan Deduction Head.
Advance - If any employee has taken a salary advance or part of a salary advance before salary disbursement as per the Salary Advance Policy, then you need to deduct that part or the full salary advance under the Advance Head.
For further queries, you can call me at 9468625405 between 1300 hrs - 1600 hrs.
From India, Kota
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