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Salary Calculator, payroll management Software

Payroll

Product Overview

Payroll system consists of Preparation of Wages after effecting necessary earnings/deductions. The benefits that accrue from this system include Monthly reports of various deductions, department wise breakup of wages, PF Statutory reports, computation of Income tax, Gratuity liabilities & Pension funds etc.  Software is fast to implement, easy to use and delivers immediate results that helps to make employee planning an effortless job with minimized management costs.

Given below are the details of Inputs/Outputs.

FEATURES

Employee Wise Personal Information

Basic Salary

Grade/Level

Details Of Loans & Advances

Pf &Vpf Contributions

Group Insurance Deductions

Pay Slips

Pay Register

Department wise Pay Summary

Pf Ledger With Interest Calculation

Monthly Deduction Statements

e.g.

  • Arrear paid
  • Catering
  • Club membership
  • Club recovery
  • Conserv. Tax
  • Contribution
  • Difference all
  • Electricity
  • Fees
  • Furniture
  • Grocery
  • Income tax
  • Insurance premium / lic
  • Maint-(b&r)
  • Misc. Deduction
  • Other deduction 1(master)
  • Over drown salary
  • Personal a/c
  • Professional tax
  • Rmaiden store
  • Staff benefit fund
  • Staff medical benefit fund
  • Stationary & printing
  • Suspence account
  • Trunk dial/telephone
  • Tuck shop
  • Water

 

Monthly Allowances Statements

e.g.

  • Transport Allowances
  • H.R.A.
  • Other Allowances

 

Outstanding Loan Statement

Outstanding Advances Statement

Bank Statement

Annual Income Tax Computation

Pay Computation Algorithm Based On

Attendance & Other Earnings / Deductions

Earnings :

  • Basic Payable
  • D.A.
  • D.A.Arrears
  • H.R.A.
  • Transport Allowances
  • Other Allowances
  • Arrears
  • Cl payment
  • Education allowance
  • El payment
  • Entertainment allowance
  • Extra working payment
  • Hca
  • Hof allowance
  • House rent allowance
  • Jr. House master allowance
  • Lta
  • Misc payment
  • Misc. Allowance
  • Npa
  • Other earning 1(attn)
  • Over time
  • Responsebility allowance
  • S.h.m. allowance
  • Washing allowance
  • Winter allowance

 

Recoveries & Deductions :

  • P.F.
  • V.P.F.
  • Loan
  • Electrical Charges
  • Bank Loan
  • Staff Bill
  • Salary Advance
  • Festival Advance
  • Child. Educ. Advance
  • Other Deductions

 

Loan

  • Education loan
  • Medical loan (class iv)
  • Other loan i
  • Other loan ii
  • Pf interest withdrawl
  • Pf withdrawl
  • Sbf loan
  • Vehicle loan
  • Vpf withdrawl

 

For Further details contact us at:-

Contact No: 0 92 12 61 50 44, 0124 – 42 65 737, 40 66 299
email: contact@twt.co.in, contact@touchwoodtech.in
www.twt.co.in
www.touchwoodtech.in
www.TouchWoodTechnologies.com
www.schoolmis.blogspot.com

 

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