Dear Friend,
Pay-roll activity is preparing of salaries for employees. It prepares every month and every company has their own style for doing the same. Fewer of them uses specified payroll software's and some of them prepares in excel.
Most important while preparing payroll we have to keep in mind all statutory obligations like P.T, P.F, ESI and TDS.
we have to deduct aforesaid statutory deductions according to respective statutory norms.
The following in puts are required to prepare payroll .
1) Attendance data for the particular month to capture the Loss of pays and accurate attendance of employees.
2) New joins and Left employees details.
3) New joins salary structure and Bank account details .
4) Any advance to be paid or recovered details
5) Any special changes to be made in salary structure if any.
6) Any spacial payments like Bonus, Incentives or any gifts to employees.
as I said above while preparing we have to deduct P.T, P.F , ESI and TDS according to Statutory norms.
I wish you all the best.
From India, Hyderabad
85Pay-roll activity is preparing of salaries for employees. It prepares every month and every company has their own style for doing the same. Fewer of them uses specified payroll software's and some of them prepares in excel.
Most important while preparing payroll we have to keep in mind all statutory obligations like P.T, P.F, ESI and TDS.
we have to deduct aforesaid statutory deductions according to respective statutory norms.
The following in puts are required to prepare payroll .
1) Attendance data for the particular month to capture the Loss of pays and accurate attendance of employees.
2) New joins and Left employees details.
3) New joins salary structure and Bank account details .
4) Any advance to be paid or recovered details
5) Any special changes to be made in salary structure if any.
6) Any spacial payments like Bonus, Incentives or any gifts to employees.
as I said above while preparing we have to deduct P.T, P.F , ESI and TDS according to Statutory norms.
I wish you all the best.
From India, Hyderabad
Dear Friends,
Many times employees join and left in the same month we allot them PF A/C Nos. fill up form 5 and 10, deposit their and employers contribution. But they don't withdraw the money, due to many reasons that they have not Address Proof/Bank Account etc. Their money remains kept with the Employees' Provident Fund Organisation. Is their any provision that we can pay such employee directly and keep the record in the prescribed format of the authority. Or if their is no such provision then to which authority, we have to bring in the notice. I hereby request every concerned, to get information from the PF Authorities. If some one has the information please share at
.
Thanks,
VJ Sharma
From India, Lucknow
Many times employees join and left in the same month we allot them PF A/C Nos. fill up form 5 and 10, deposit their and employers contribution. But they don't withdraw the money, due to many reasons that they have not Address Proof/Bank Account etc. Their money remains kept with the Employees' Provident Fund Organisation. Is their any provision that we can pay such employee directly and keep the record in the prescribed format of the authority. Or if their is no such provision then to which authority, we have to bring in the notice. I hereby request every concerned, to get information from the PF Authorities. If some one has the information please share at
Thanks,
VJ Sharma
From India, Lucknow
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