Hi friend Aruna.
I giving details about payroll.
1) First u calculate salary days of month
2) If your salary is fixed then salary formula is basic/30*present days (DA,VDA,HRA,CCA,Education,)
3) After getting grossa salary deduct PF
Deduction
PF formula basic +da + Vda/100 * 12 (means 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 gross salary deduct above parameters u will gate net salary
6) OT - calculate over time hrs
formula of Over time is basic +da + vda /month days / 8 hrs * OT hrs * 2
Bonus - If your organisatoin banus % is fixed then OK other wise as per govt rule bonus % is 8.33 %
formulas = 12 month total (basic+da+vda) * 8.33 %
Gratuay = last 12 month salary/26 * number of years service * 15
7)Leave calculation report
8) Half yearly return, yearly return
9) Manpower report
10) Full & final report
Anil 9420649119, 9273814690
or
Tuch with me.
Have a nice day dear ARUNA friend
From India, Pune
I giving details about payroll.
1) First u calculate salary days of month
2) If your salary is fixed then salary formula is basic/30*present days (DA,VDA,HRA,CCA,Education,)
3) After getting grossa salary deduct PF
Deduction
PF formula basic +da + Vda/100 * 12 (means 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 gross salary deduct above parameters u will gate net salary
6) OT - calculate over time hrs
formula of Over time is basic +da + vda /month days / 8 hrs * OT hrs * 2
Bonus - If your organisatoin banus % is fixed then OK other wise as per govt rule bonus % is 8.33 %
formulas = 12 month total (basic+da+vda) * 8.33 %
Gratuay = last 12 month salary/26 * number of years service * 15
7)Leave calculation report
8) Half yearly return, yearly return
9) Manpower report
10) Full & final report
Anil 9420649119, 9273814690
or
Tuch with me.
Have a nice day dear ARUNA friend
From India, Pune
dEAR ARUNA,
congratulation for your joining payroll,
friend its a quite intresting part of any orginisation. Under it we keep records of employee in what time he is comming in and what time he is going out, means time management. We calculate their time for the company under this part which includes employees working hours, overtime...etc. and basis of his working hour we calculate each employee's contribution for the company and for this we pay them wages, commisions, and other funds like pf, esi...and many other allowances according to their utility for the company. this is the part which comes under payroll. rest you will get as you spent your time in this field. it is totally a learning process as much time you will give...you will learn more..
thanks
jeewan
From India, Delhi
congratulation for your joining payroll,
friend its a quite intresting part of any orginisation. Under it we keep records of employee in what time he is comming in and what time he is going out, means time management. We calculate their time for the company under this part which includes employees working hours, overtime...etc. and basis of his working hour we calculate each employee's contribution for the company and for this we pay them wages, commisions, and other funds like pf, esi...and many other allowances according to their utility for the company. this is the part which comes under payroll. rest you will get as you spent your time in this field. it is totally a learning process as much time you will give...you will learn more..
thanks
jeewan
From India, Delhi
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
From India, Ramnagar
Hi Aruna,
Congrats, that you are going to handle the payroll.
First i would suggest, you must gothrough the previous months payroll related files or formats of that concern where you have joined, for the better understanding.
Shyam sundar has given all valid points... so that you can follow.
Regards,
Sasi Rekha
From India, Madras
Congrats, that you are going to handle the payroll.
First i would suggest, you must gothrough the previous months payroll related files or formats of that concern where you have joined, for the better understanding.
Shyam sundar has given all valid points... so that you can follow.
Regards,
Sasi Rekha
From India, Madras
Hello every body, I am Saumya & want to share my CV with you all as I am looking for an entry level position in HR domain. Thanks for consideration.
From India, Delhi
From India, Delhi
Hi Vignesh,
There and many softwres in the marked it is depends on your requirment.
I suggest up to 2000 employee you may use PERKS a low cost software.
mail me for further details
Regards
Joseph
From India, Mumbai
There and many softwres in the marked it is depends on your requirment.
I suggest up to 2000 employee you may use PERKS a low cost software.
mail me for further details
Regards
Joseph
From India, Mumbai
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
From India, Bangalore
Dear Shyam ji, Plz let me know that which sector is most valuable as HR point of view. In which field more exposure A HR personnel can get. Thanks..... J.Prakash 9319861800
From India, Dehra Dun
From India, Dehra Dun
Hi Syam please let me know Which person should handle the payment of PF ESI and Tax to appropriate A/C
From India
From India
Well, better if you go with some advanced HR or payroll software and that will sure help you managing all your payroll, esi, PF, TDS. for your employees. You just need to enter details once and all other things will be managed by the software.
You can try Saralpayroll as it is an advanced payroll software capable enough to fulfill your requirements with no hassle.
From India, Lucknow
You can try Saralpayroll as it is an advanced payroll software capable enough to fulfill your requirements with no hassle.
From India, Lucknow
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