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Introducing a cost effective Payroll Software. Salient Features Flexible and User definable Easy integration with any ERP system Quick upgrade policy.

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Presentation on theme: "Introducing a cost effective Payroll Software. Salient Features Flexible and User definable Easy integration with any ERP system Quick upgrade policy."— Presentation transcript:

1 Introducing a cost effective Payroll Software

2 Salient Features Flexible and User definable Easy integration with any ERP system Quick upgrade policy for any statutory changes. Cost effective solutions as per clients needs Proven track record for support and service

3 Payroll can be managed with following Organisation Structure COMPANY Grade Branch Department Division Designation Unit Group Category

4 Salary Structure can be defined Grade wise/ Employee wise with following definitions. @ User Definable Allowances, Deductions & Variables @ Allowances & Deductions can be set as Formula, At pay time (monthly variable), Slab, Fixed, Reimbursement or periodic. @ Calculations can be set on present days @ Allowances can be considered as Taxabla Income with % of total value, Exemption limit can also be defined wherever applicbale

5 Attendance Management @ Grade/Branch/Dept/Employee wise. @ Can be linked with any time recording/swipe card machine. @ Overtime calculation report @ Employee wise weekly off marking @ Muster based Attendance marking module @ Monthly summarised muster @ Month end summaries can be directly uploaded to payroll process.

6 Leave Management @ Grade wise/Employee-wise @ Can be set for Financial year or Calendar year or June to May. @ User definable leave types with monthly increment structure. @ Can carry forward to next term or encash the balance leave. @ Leave lapsed report.

7 Loan Management @ Monthly deduction from Salary (optional) @ Calculation of interest, bifurcation of EMI. @ Multiple loans under single head @ Monthly EMI calculator @ Detail, summarised report of loan/staff wise @ Management of Tax free loan/House Loan, Vehicle loan/Other loans @ Management of loan arrange from other sources

8 Reimbursement Management @ Reimb type and period can be set @ Limits can be set Grade/Employees wise basis @ Limits can also be set as predefined value @ Reimb can also be connected to events @ User definable payment option @ Detailed ledger can be generated on payment History & voucher submission. @ Direct link to tax module to calculate accurate tax liability

9 Income Tax Management @ TDS can be deducted from salary (optional) @ Detailed & Summarixed reports can be generated @ TDS deducted from salary will have direct effect to respective reports viz., form 16, 16AA, 12BA, 24Q(efiling), & ITNS 271 Challan of Income Tax. @ Provision for considering past emoluments of an employee in case he joins during the year. @ IT projection with expected TDS to be deducted from the current months salary @ Emailing of project statement (PDF/HTML format).

10 Income Tax Management (contd) Provision for storing projected investment amount declared by the employee (This is used to calculate the expected TDS for the month) Projected TDS amount can be transferred to respective months salary processing Generation of various forms namely form 16, 16AA, 12BA, 24, 24 Q (efiling), ITNS 281 (IT challan) Exemption calculation, Transport allowances, HRA, Medical, LTA, Childrens Education etc.,. Rebate Calculation

11 HRIS Management like Employee personal information, Previous job experience, Passport details, LIC policy, Bank Details etc., Date of joining, Date of resignation, termination, Recoverable Asset management and a host of other utilities Events Manager like Increment Details, Bonus calculation, Promotion, Transfers, Gratuity calculation, Projected final settlements etc.

12 Reports Generation Basic Reports like Payslip/Registers in various types of formats, Labour and Wages Register, Leave and Loan ledger, Bank Statement for power pay accounts, Emailing of payslips to all employees in PDF/Excel/HTML formats. Statutory Reports like PF: Form 6A, form 9, form 3A, form 5, form 10, form 5A, form 12A, PF Ledger, PF Register, PF Challan, Form 13- Register of Wages, Prof Tax form 3, Prof Tax Part 1 B, ESIC Challan, ESIC form 6, ESIC form 7

13 Utilities User Creation Rights Allocation Detailed user log Report Import/Export of Data Lock/Unlock month Journal Entry Payroll reconciliation for accurate payout Report writer to generate the desired report by user Chart & Graphical representation of data User definable payslip printing & emailing settings Letter writing

14 Thanks for giving your valuable time to view this prior demo promotion presentation Please call us for a detailed demo of this product Tel No.9840384987; email: tkmadhumoorti@ gmail.com; www.mstarmc.com


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