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Payroll Management
This module includes salary calculations, tax deductions, direct deposits, statutory compliance, leave management integration, and customizable reporting for financial transparency.
By biCanvas
Category
Module Of Infrastructure
Last Update
20/12/2022
Language
English
Terms
View Term & Condition
Description
About Module
This module facilitates automation in salary calculations, deductions, and disbursements for employees. It integrates with attendance and HR modules to ensure accuracy in payments, tax calculations, and compliance with labour laws. Further, this module streamlines payroll processes, enhancing efficiency and reducing errors in financial transactions
Key Features Of Module
Salary Calculation
Automates accurate salary computations based on employee attendance, leaves, and applicable deductions.
Direct Deposit
Facilitates direct transfer of salaries to employees' bank accounts securely.
Employee Self-Service
Allows employees to access and manage payroll-related information and documents.
Benefits Administration
Manages employee benefits such as insurance, retirement plans, and bonuses.
Compliance Reporting
Generates reports for regulatory compliance and audit purposes.
Tax Management
Handles tax calculations, deductions and compliance with local tax laws.
Resources
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