Hi friends, I joined an organization in which they gave me the responsibility of handling the payroll. Can anybody explain what all responsibilities come under the payroll system? Please help me out by sending the details. It is required urgently.
From India, Delhi
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2From India, Delhi
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Dear Aruna, First of all, I would like to congratulate you on joining. The responsibility of handling the payroll includes the following tasks:
1. Recording the in-time and out-time of all employees.
2. Deducting PF, ESIC, Income Tax, calculating Overtime, and other deductions.
These are the basic things you need to follow.
Thanks & regards,
Atul Somani
From India, Pune
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1. Recording the in-time and out-time of all employees.
2. Deducting PF, ESIC, Income Tax, calculating Overtime, and other deductions.
These are the basic things you need to follow.
Thanks & regards,
Atul Somani
From India, Pune
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Hi Include OT, NSA and reimbursements to employees if any. Keep track of employees resigning as well as joining the organisation. Regards Vignesh. R.
From Ireland
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From Ireland
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Hi,
Please see below some points regarding handling the Payroll:
• Monitoring all PF and ESIC formalities.
• Designing and implementing employees' salary processing scheme for all the employees.
• Daily updating employee database.
• Maintaining leave records.
• Releasing the monthly salary payout and salary slips.
• Ensuring timely processing and payment of salaries.
• Generating MIS and tracking methods.
• Preparing required MIS reports for management as per prescribed timelines.
• Updating the Master File on a daily basis and generating Daily/Weekly/Monthly Reports.
• Handling employee database in Excel.
• Managing queries from all the Associates regarding Salaries, PF, ESIC, follow-up, etc.
Please feel free to revert in case of any clarification.
Shyam Sundar
HR - Executive
From India, Delhi
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Please see below some points regarding handling the Payroll:
• Monitoring all PF and ESIC formalities.
• Designing and implementing employees' salary processing scheme for all the employees.
• Daily updating employee database.
• Maintaining leave records.
• Releasing the monthly salary payout and salary slips.
• Ensuring timely processing and payment of salaries.
• Generating MIS and tracking methods.
• Preparing required MIS reports for management as per prescribed timelines.
• Updating the Master File on a daily basis and generating Daily/Weekly/Monthly Reports.
• Handling employee database in Excel.
• Managing queries from all the Associates regarding Salaries, PF, ESIC, follow-up, etc.
Please feel free to revert in case of any clarification.
Shyam Sundar
HR - Executive
From India, Delhi
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Hi guys can you suggest a good software which helps in payroll processing Regards vignesh. R HR Associate
From Ireland
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From Ireland
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Hi vignesh, The software is dependes on your employee strength. The are many payroll software ranging from rs. 3000 to 50-60 lac’s Regards Joseph
From India, Mumbai
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From India, Mumbai
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Hi Aruna, first of all, I would like to congratulate you on joining as a payroll administrator. Now you have to keep two things in mind:
1. Record in-time and out-time of all the employees.
2. Handle all the authorized and unauthorized deductions which include PF, ESI, LIC, membership of unions, HRD, etc.
From India, Visakhapatnam
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1. Record in-time and out-time of all the employees.
2. Handle all the authorized and unauthorized deductions which include PF, ESI, LIC, membership of unions, HRD, etc.
From India, Visakhapatnam
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Hi Ravinder, Please find the employee database format The software for HRIS is Adrenalin, and many more.
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Hi, Please find the attached file for the formate of employee database in excel.
From India, Ahmadabad
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From India, Ahmadabad
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Hi, friend Aruna.
I am providing details about payroll.
1) First, you calculate the salary days of the month.
2) If your salary is fixed, then the salary formula is basic/30 * present days (DA, VDA, HRA, CCA, Education).
3) After getting the gross salary, deduct PF.
Deduction:
PF formula: basic + DA + VDA / 100 * 12 (meaning 12% on basic + DA + VDA).
3) Ptax - 5000 to 10000 = Rs. 200, above 10000 = Rs. 300.
4) Deduct salary advance, LIC, loan form.
5) From the gross salary, deduct the above parameters to get the net salary.
6) OT - calculate overtime hours.
The formula for Overtime is: basic + DA + VDA / month days / 8 hrs * OT hrs * 2.
Bonus - If your organization's bonus % is fixed, then it's okay; otherwise, as per government rules, the bonus % is 8.33%.
Formulas: 12-month total (basic + DA + VDA) * 8.33%.
Gratuity = last 12-month salary / 26 * number of years in service * 15.
7) Leave calculation report.
8) Half-yearly return, yearly return.
9) Manpower report.
10) Full & final report.
Anil 9420649119, 9273814690
Email:
or 
Get in touch with me.
Have a nice day, dear ARUNA friend.
From India, Pune
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I am providing details about payroll.
1) First, you calculate the salary days of the month.
2) If your salary is fixed, then the salary formula is basic/30 * present days (DA, VDA, HRA, CCA, Education).
3) After getting the gross salary, deduct PF.
Deduction:
PF formula: basic + DA + VDA / 100 * 12 (meaning 12% on basic + DA + VDA).
3) Ptax - 5000 to 10000 = Rs. 200, above 10000 = Rs. 300.
4) Deduct salary advance, LIC, loan form.
5) From the gross salary, deduct the above parameters to get the net salary.
6) OT - calculate overtime hours.
The formula for Overtime is: basic + DA + VDA / month days / 8 hrs * OT hrs * 2.
Bonus - If your organization's bonus % is fixed, then it's okay; otherwise, as per government rules, the bonus % is 8.33%.
Formulas: 12-month total (basic + DA + VDA) * 8.33%.
Gratuity = last 12-month salary / 26 * number of years in service * 15.
7) Leave calculation report.
8) Half-yearly return, yearly return.
9) Manpower report.
10) Full & final report.
Anil 9420649119, 9273814690
Email:
Get in touch with me.
Have a nice day, dear ARUNA friend.
From India, Pune
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Dear Aruna,
Congratulations on your new role in payroll. It is an interesting part of any organization. In this role, we keep records of employees regarding their arrival and departure times, which involves time management. We calculate their working hours, overtime, and based on this, we determine each employee's contribution to the company. We then provide them with wages, commissions, and other benefits such as PF, ESI, and various allowances based on their contributions to the company. This encompasses the responsibilities under payroll. The more time you spend in this field, the more you will learn. It is a continuous learning process.
Thank you,
Jeewan
From India, Delhi
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Congratulations on your new role in payroll. It is an interesting part of any organization. In this role, we keep records of employees regarding their arrival and departure times, which involves time management. We calculate their working hours, overtime, and based on this, we determine each employee's contribution to the company. We then provide them with wages, commissions, and other benefits such as PF, ESI, and various allowances based on their contributions to the company. This encompasses the responsibilities under payroll. The more time you spend in this field, the more you will learn. It is a continuous learning process.
Thank you,
Jeewan
From India, Delhi
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Hi As u discuss i am also working as H.R exe. I m also handling the payroll ,here you have to moniter the daily attendence, EL,CL,PL,SL. ,Also the absent ,leave of individual emp.
From India, Ramnagar
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From India, Ramnagar
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Hi Aruna,
Congratulations on taking on the responsibility of handling the payroll. First, I would suggest that you go through the previous month's payroll-related files or formats of the company you have joined to gain a better understanding. Shyam Sundar has provided all the valid points for you to follow.
Regards,
Sasi Rekha
From India, Madras
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Congratulations on taking on the responsibility of handling the payroll. First, I would suggest that you go through the previous month's payroll-related files or formats of the company you have joined to gain a better understanding. Shyam Sundar has provided all the valid points for you to follow.
Regards,
Sasi Rekha
From India, Madras
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Hi Vignesh,
There are many softwares in the market. It depends on your requirement. I suggest that for up to 2000 employees, you may use PERKS, a low-cost software.
Please email me for further details at josephpatrao@gmail.com.
Regards,
Joseph
From India, Mumbai
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There are many softwares in the market. It depends on your requirement. I suggest that for up to 2000 employees, you may use PERKS, a low-cost software.
Please email me for further details at josephpatrao@gmail.com.
Regards,
Joseph
From India, Mumbai
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Hi Aruna,Kindly advise what exactly is ur requirement Do you want some vendor to maintaing your employees payroll?Do you want to outsource this activityPls let me knowthanks
From India, Bangalore
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From India, Bangalore
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Well, it's better if you go with some advanced HR or payroll software as that will surely help you in managing all your payroll, ESI, PF, and TDS for your employees. You just need to enter the details once, and all other things will be managed by the software.
You can try Saralpayroll (http://www.saralpayroll.com) as it is an advanced payroll software capable enough to fulfill your requirements with no hassle.
From India, Lucknow
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You can try Saralpayroll (http://www.saralpayroll.com) as it is an advanced payroll software capable enough to fulfill your requirements with no hassle.
From India, Lucknow
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Hi guys,
I worked as an HR recruiter, but now I want to transition my career into payroll. However, I don't know anything about how to calculate basics like HRA, DA, TA, and how much they should be. Can you provide information on these calculations?
Thank you.
From India, Coimbatore
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I worked as an HR recruiter, but now I want to transition my career into payroll. However, I don't know anything about how to calculate basics like HRA, DA, TA, and how much they should be. Can you provide information on these calculations?
Thank you.
From India, Coimbatore
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Hi Folks,
You can look for Online Payroll Management System by FastCollab to manage your employees' payroll process. It comes with:
1. Employee Self-service login
2. Employees can make IT declarations along with attaching proofs
3. Employees can apply for leaves online
4. Access their payslips
5. Employers can generate statutory reports like PT, PF, ESI, TDS, and others.
Simply create a FREE Sign-up on FastCollab. Our team will guide you on how to go about it.
FastCollab | B2B Marketplace | Software for SMBs
URL: http://www.fastcollab.com
From India, Hyderabad
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You can look for Online Payroll Management System by FastCollab to manage your employees' payroll process. It comes with:
1. Employee Self-service login
2. Employees can make IT declarations along with attaching proofs
3. Employees can apply for leaves online
4. Access their payslips
5. Employers can generate statutory reports like PT, PF, ESI, TDS, and others.
Simply create a FREE Sign-up on FastCollab. Our team will guide you on how to go about it.
FastCollab | B2B Marketplace | Software for SMBs
URL: http://www.fastcollab.com
From India, Hyderabad
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Hi,
Some of the duties of an HR handling payroll would be:
1. Updating the employee database
2. Handling attendance, which will be used for computing salary
3. Processing payroll - accurate salary computation for each employee, considering fixed wages, variable pay, bonuses, and deductions
4. Releasing payslips every month for all employees
5. Salary revisions
6. Handling leaves
7. Reimbursements
8. Arrears
9. Full and final settlement during employee exit
10. Monitoring all PF and ESIC formalities and more
All these responsibilities are time-consuming and prone to manual errors. To avoid this, you can check out various payroll software at [https://www.greythr.com/in/](https://www.greythr.com/in/) which manages all your payroll, PF, TDA, ESI for your employees.
From India, Bengaluru
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Some of the duties of an HR handling payroll would be:
1. Updating the employee database
2. Handling attendance, which will be used for computing salary
3. Processing payroll - accurate salary computation for each employee, considering fixed wages, variable pay, bonuses, and deductions
4. Releasing payslips every month for all employees
5. Salary revisions
6. Handling leaves
7. Reimbursements
8. Arrears
9. Full and final settlement during employee exit
10. Monitoring all PF and ESIC formalities and more
All these responsibilities are time-consuming and prone to manual errors. To avoid this, you can check out various payroll software at [https://www.greythr.com/in/](https://www.greythr.com/in/) which manages all your payroll, PF, TDA, ESI for your employees.
From India, Bengaluru
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How salary is calculated. Basic÷30*present day. If any present 22 day..and leave is 4 days and 4sunday.then how it is calculated bcs if we calculated as his 22present day then wht about his Sundays and leave with pay wages... How include in salary formula as present days r differ from one employee to another employee. Pls help.....give one formula which shud be applicable to all employees.
From India, Ludhiana
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From India, Ludhiana
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Here are the basic duties of HR:
1. Employee Self-Service login
2. Employees can make IT declarations along with attaching proofs
3. Employees can apply for leaves online
4. Access to payslips, salary register, attendance register, etc.
For more details: [payroll software](https://factohr.com)
From India, Rajkot
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1. Employee Self-Service login
2. Employees can make IT declarations along with attaching proofs
3. Employees can apply for leaves online
4. Access to payslips, salary register, attendance register, etc.
For more details: [payroll software](https://factohr.com)
From India, Rajkot
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Whether you have a single paid employee or run a small business with many employees, you need to pay attention to payroll. However, payroll involves more than cutting a few checks. Good payroll management is comprised of several different functions that help you properly pay your employees and keep your business compliant with government regulations.
Payroll Responsibilities:
1. Processing Paychecks
2. Handling Payroll Taxes
3. Keeping Records (Regular hourly pay rate, Hours worked each day, Employee's full name, and social security number)
4. Employee Accessibility
From India
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Payroll Responsibilities:
1. Processing Paychecks
2. Handling Payroll Taxes
3. Keeping Records (Regular hourly pay rate, Hours worked each day, Employee's full name, and social security number)
4. Employee Accessibility
From India
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The responsibilities that come under handling an organization's payroll system are crucial for ensuring proper payment to employees and compliance with government regulations. Here is a breakdown of the key responsibilities:
- Processing Paychecks: This involves calculating salaries, deductions, and processing payments accurately and timely.
- Handling Payroll Taxes: Ensuring accurate calculation and submission of payroll taxes to the relevant tax authorities.
- Keeping Records: Maintaining detailed records such as regular hourly pay rates, hours worked, employee's full name, and social security number is essential for audit purposes.
- Employee Accessibility: Providing employees with access to their salary slips, ensuring transparency, and addressing any payroll-related queries promptly.
To efficiently manage the payroll system, consider using payroll software to automate processes like salary processing, overtime calculations, and generating monthly reports. Additionally, staying updated on income tax regulations, MIS reports, and maintaining an accurate employee database are essential for smooth payroll operations. For specific guidelines and legal aspects related to payroll management in Delhi, India, refer to the relevant labor laws and taxation policies to ensure compliance.
From India, Gurugram
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- Processing Paychecks: This involves calculating salaries, deductions, and processing payments accurately and timely.
- Handling Payroll Taxes: Ensuring accurate calculation and submission of payroll taxes to the relevant tax authorities.
- Keeping Records: Maintaining detailed records such as regular hourly pay rates, hours worked, employee's full name, and social security number is essential for audit purposes.
- Employee Accessibility: Providing employees with access to their salary slips, ensuring transparency, and addressing any payroll-related queries promptly.
To efficiently manage the payroll system, consider using payroll software to automate processes like salary processing, overtime calculations, and generating monthly reports. Additionally, staying updated on income tax regulations, MIS reports, and maintaining an accurate employee database are essential for smooth payroll operations. For specific guidelines and legal aspects related to payroll management in Delhi, India, refer to the relevant labor laws and taxation policies to ensure compliance.
From India, Gurugram
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HR Manual (Employee Hand Book).doc
152120-very-use ful-hr-manageme nt-software-bui lt-excel-psa-hr -manager-mainta in-payrrol-exce l-soft.zip
Employee Data - Format.xls