Statutory Report

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In-house PRODUCTS - PAYROLL - B2E

The Payroll System is the core of any Human Resource Management System of an Organization. Godrej Payroll is certified for Microsoft Dynamics AX 2012. Essential features of this system are salary processing, income-tax calculation, and provision for statutory deductions like IT and PF. Additional features include pay-in slip generation, cheque summary and MIS reports for effective decision making.

Payroll

PRODUCT FEATURES

Payroll Processing

  • Earnings
    • Standard: Basic, Conveyance, HRA
    • Adhoc: Bonus, Performance Incentives
  • Attendance and leave management
  • Investments
  • Fixed or formula based components
  • Grade and employee wise calculations
  • Deductions
    • Standard: PF, EPS, Income Tax
    • Adhoc: Loans and advances
  • Monthly and yearly accumulated values
  • Security and administration
  • Reports and analysis

Employee Investments

  • Proposed and actual investments
  • Types and limits on investments

Loan Accounting System

  • Eligibility rules for multiple loan types
  • Institutional loan disbursement
  • Loan application, balance tracking and recovery

MIS Reports

  • Payslip
  • Attendance Register
  • Department-wise Salary
  • Employee-wise Salary
  • Salary Disbursement
  • Income Tax Statement
  • Form No 16
  • Loan Statement
  • Loan Letter
  • PF Contribution

BENEFITS

  • On-time salary for employees
  • Data accuracy
  • Ease of use
  • Saves time and resources for core HR practices