Payslip generation
Payroll Management is a critical function within any organization that ensures employees are paid accurately and on time. A streamlined payroll management system, often integrated into an HRMS, automates salary calculations, deductions, tax compliance, and salary slip generation, reducing errors and saving time.
Key Features
- Automated Salary Calculation : The system automatically calculates employee salaries based on their pay structure, including basic pay, bonuses, allowances, and deductions like taxes, PF, and other statutory contributions. fund
- Attendance and Leave Integration :The payroll management system integrates with attendance and leave records, ensuring that salary is calculated accurately based on the actual hours worked, late marks, and leaves taken by employees.
Automated payslip
- Automated Salary Slip Creation : Once payroll is processed, salary slips are automatically generated for each employee. These slips include details such as basic pay, bonuses, deductions, net salary, and tax deductions.
- Customizable Templates : Employees can access and download their salary slips directly from the HRMS or employee self-service portal. This eliminates the need for HR intervention and ensures employees can access their slips anytime.
- Accurate Record Keeping: All salary slips are archived in the system, allowing both HR teams and employees to access historical records whenever needed.
