Hi, Myself Kavitha give me some tips regarding Compensation and Benifits as well Payroll Management. Regards, Kavitha
From India, Bangalore
1From India, Bangalore
Hi Kavitha,
Providing you some tips which may help you to get a feel about the overall process:
Try to understand the following:-
1. Scientific Pay/Wage structure considering Minimum wage, PF Gross, ESI Gross, Gratuity Concept, ITAX concept etc.
2. Variable inputs - Attendance, OT, Extra earning if any in a particular month, Deduction if any, PF, ESI, PTAX, ITAX deductions etc.
3.Leave Rule, OT Calculation (Factory/Establishment)
4.Late coming & early leaving related deduction if any
5. Consolidated salary/wage statement.
6. Structure of Payslip
7.PF, ESI, PTAX(State specific) and ITAX Calculation and implementation procedure through net.
8. Any other MIS if require from payroll system & etc.
It will be better if you can visit any organization who are dealing with Compensation and Benefit MANAGEMENT AS WELL AS PAYROLL for better practical exposure.
For any further clarification if you think so you may contact undersigned.
S K Bandyopadhyay
USD HR Solutions
<link outdated-removed>
From India, New Delhi
Providing you some tips which may help you to get a feel about the overall process:
Try to understand the following:-
1. Scientific Pay/Wage structure considering Minimum wage, PF Gross, ESI Gross, Gratuity Concept, ITAX concept etc.
2. Variable inputs - Attendance, OT, Extra earning if any in a particular month, Deduction if any, PF, ESI, PTAX, ITAX deductions etc.
3.Leave Rule, OT Calculation (Factory/Establishment)
4.Late coming & early leaving related deduction if any
5. Consolidated salary/wage statement.
6. Structure of Payslip
7.PF, ESI, PTAX(State specific) and ITAX Calculation and implementation procedure through net.
8. Any other MIS if require from payroll system & etc.
It will be better if you can visit any organization who are dealing with Compensation and Benefit MANAGEMENT AS WELL AS PAYROLL for better practical exposure.
For any further clarification if you think so you may contact undersigned.
S K Bandyopadhyay
USD HR Solutions
<link outdated-removed>
From India, New Delhi
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