could anybody helps me on complete system of Payroll in organisations..
what r the things comes under in payroll ?
what has to concentrat more while calculating payroll of employee..?
and many more
Pls suggest me...
this could help in my comming interview
From India, Bangalore
1what r the things comes under in payroll ?
what has to concentrat more while calculating payroll of employee..?
and many more
Pls suggest me...
this could help in my comming interview
From India, Bangalore
Hi Shrawani,
Yes sure y not!!
Payroll is divided in two parts viz
Monthly payroll which includes the following
* Basic salary
* HRA - 50 % of basic for four major metros & 40% for other metros
* Conveyance - Rs 800/p.m. if excess would be added to taxable salary
* Special allowance
Annual payroll
* Medical Reimbursement - Rs 15,000/- max p.a.
* LTA
* Meal Vouchers - Rs 50 per working day paid through Sodexho/Accor vouchers..
In payroll on monthly basis - monthly break up is paid and is subject to the following deductions viz:-
Monthly payroll
less -
Provident Fund - 12% of the basic
Profesional Tax - Rs 200 ( varies from state to state)
Income Tax -
Other deductions - like loans or advances etc
Net take home - Rs ....
Should you have any queries please revert..my colleagues would join me to help you and also would suggest to do a quick search on topic then put up a query..
Best wishes for your interviews!!..
Cheers,
Rajat
From India, Pune
Yes sure y not!!
Payroll is divided in two parts viz
Monthly payroll which includes the following
* Basic salary
* HRA - 50 % of basic for four major metros & 40% for other metros
* Conveyance - Rs 800/p.m. if excess would be added to taxable salary
* Special allowance
Annual payroll
* Medical Reimbursement - Rs 15,000/- max p.a.
* LTA
* Meal Vouchers - Rs 50 per working day paid through Sodexho/Accor vouchers..
In payroll on monthly basis - monthly break up is paid and is subject to the following deductions viz:-
Monthly payroll
less -
Provident Fund - 12% of the basic
Profesional Tax - Rs 200 ( varies from state to state)
Income Tax -
Other deductions - like loans or advances etc
Net take home - Rs ....
Should you have any queries please revert..my colleagues would join me to help you and also would suggest to do a quick search on topic then put up a query..
Best wishes for your interviews!!..
Cheers,
Rajat
From India, Pune
Hi,
I am also working on it . Can anyone can tell me what amount should be charged for undertaking the payroll process of a company.
Through website I came to know that they charge 4% of the employees pretax salary, but on calculaing it sounds very alarming . The company may themselves do the process at that cost and may not outsource it.
Can you guys suggests a feasible amount or the market price.
Regards.
Veena.M
From India, Madras
I am also working on it . Can anyone can tell me what amount should be charged for undertaking the payroll process of a company.
Through website I came to know that they charge 4% of the employees pretax salary, but on calculaing it sounds very alarming . The company may themselves do the process at that cost and may not outsource it.
Can you guys suggests a feasible amount or the market price.
Regards.
Veena.M
From India, Madras
Hi,
I would like to know th scope of HR in payroll. Where does our role starts and end.I am the sole HR in the organisation and i am 2005 graduate. Currently the only area i am handelling is leave & late calculation.The calculated document is submitted to the accountants for the calculation of salary.We have an admin executive who deals with the bank transanctions.
Thanks & Regards
Asha
From India, Madras
I would like to know th scope of HR in payroll. Where does our role starts and end.I am the sole HR in the organisation and i am 2005 graduate. Currently the only area i am handelling is leave & late calculation.The calculated document is submitted to the accountants for the calculation of salary.We have an admin executive who deals with the bank transanctions.
Thanks & Regards
Asha
From India, Madras
Hi,
I am Sending the Pay structure per month.
S.No EARNINGS
1 Basic 50% of Gross
2 HRA 40% of Basic "If Gross<=3000 then 30%"
3 C.A. 40% of Basic
4 Medical Basic/12
5 Educational SALARY RANGE AMOUNT
UPTO GROSS SALARY 3000/- TO 15000/- 200/-
UPTO GROSS SALARY 15000/- TO 18000/- 500/-
UPTO GROSS SALARY 18000/- TO 30000/- 1000/-
UPTO GROSS SALARY 30000/- 1500/-
6 S.P.A. Basic+HRA+C.A.+Medical+Educ. - Gross
DEDUCTIONS
1 P.F. 12% on Basic
2 E.S.I. 1.75% on Gross, If Gross <=7500
3 P.Tax Salary up to 2001 Rs. 16.00
Salary up to 3001 Rs. 25.00
Salary up to 4001 Rs. 35.00
Salary up to 5001 Rs. 45.00
Salary up to 6001 Rs. 60.00
Salary up to 10001 Rs. 80.00
Salary up to 15001 Rs. 100.00
Salary up to 20001 Rs. 150.00
Salary above 20001 Rs. 200.00
Regards
Y.Venumadhava Reddy
From India, Hyderabad
I am Sending the Pay structure per month.
S.No EARNINGS
1 Basic 50% of Gross
2 HRA 40% of Basic "If Gross<=3000 then 30%"
3 C.A. 40% of Basic
4 Medical Basic/12
5 Educational SALARY RANGE AMOUNT
UPTO GROSS SALARY 3000/- TO 15000/- 200/-
UPTO GROSS SALARY 15000/- TO 18000/- 500/-
UPTO GROSS SALARY 18000/- TO 30000/- 1000/-
UPTO GROSS SALARY 30000/- 1500/-
6 S.P.A. Basic+HRA+C.A.+Medical+Educ. - Gross
DEDUCTIONS
1 P.F. 12% on Basic
2 E.S.I. 1.75% on Gross, If Gross <=7500
3 P.Tax Salary up to 2001 Rs. 16.00
Salary up to 3001 Rs. 25.00
Salary up to 4001 Rs. 35.00
Salary up to 5001 Rs. 45.00
Salary up to 6001 Rs. 60.00
Salary up to 10001 Rs. 80.00
Salary up to 15001 Rs. 100.00
Salary up to 20001 Rs. 150.00
Salary above 20001 Rs. 200.00
Regards
Y.Venumadhava Reddy
From India, Hyderabad
Hi,
About Gross Salary & CTC . CTC consists of simple formula i.e A+B
'A' part is 12* (Basic+HRA+Conveyance+Education Allowance)
'B' part is Annual - P.F + LTA + Bonus + Medical reimbursement + Books & Periodicals
Gross salary is always taxable, just remember if you are thinking as a company, then always try to keep the basic salary as low as possibe, this will help the company to reduce its PF share, also removing person from ESIC also gives lots of cost benefits to the company.
From India, Mumbai
About Gross Salary & CTC . CTC consists of simple formula i.e A+B
'A' part is 12* (Basic+HRA+Conveyance+Education Allowance)
'B' part is Annual - P.F + LTA + Bonus + Medical reimbursement + Books & Periodicals
Gross salary is always taxable, just remember if you are thinking as a company, then always try to keep the basic salary as low as possibe, this will help the company to reduce its PF share, also removing person from ESIC also gives lots of cost benefits to the company.
From India, Mumbai
dear all,
This percentage wise is fine. but wahts next ?? How to put PF into PF a/c, When to put? Where to put? who is the autority? same in case of other payroll factors. whats actuaal processing is??
Amol
From India, Pune
This percentage wise is fine. but wahts next ?? How to put PF into PF a/c, When to put? Where to put? who is the autority? same in case of other payroll factors. whats actuaal processing is??
Amol
From India, Pune
hi,
I would like to know about HR- Administration. What are the roles and responsibilities of the HR_executive in Administration? And also i would like to know client and vendor management and what is mean by Compliance? What is mean by Drafting and Collection?
Any one can help me on these topics.
Thanks and Regards
Dadu.
I would like to know about HR- Administration. What are the roles and responsibilities of the HR_executive in Administration? And also i would like to know client and vendor management and what is mean by Compliance? What is mean by Drafting and Collection?
Any one can help me on these topics.
Thanks and Regards
Dadu.
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From India, Thane
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From India, Thane
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Payroll Management System .pdf