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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9I 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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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
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From India, Delhi
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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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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
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From India, Dehra Dun
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Hi Syam please let me know Which person should handle the payment of PF ESI and Tax to appropriate A/C
From India
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From India
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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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