Entry - Date reaching end of month • Employee resigning from organization • Task - Get salary structure of employee • Compute basic, allowances, perks etc. • Calculate any pro-rata salary components if applicable for the month • deductions • Calculate TDS • In case employee has left the organization In addition to basic salary and allowances, encash leaves as per organization's policy • Apply deductions and calculate TDS • Compute full and final settlement • Validation - Ensure salary calculation is done as per the structure defined for each employee • Check if defined rules have been considered. For e.g. in case a Salesman has made sales greater • than Rs. 10L for the month, then he gets 5% commission. may differ for permanent and contract to hire employees. • Exit - Generate paysilp of the employees • Credit salary to employee's savings bank account • Credit employee's PF account, gratuity, superannuation etc. • Email payslip to employees and update in all systems •
Entry - • Date reaching end of month • Employee resigning from organization Task - • Get salary structure of employee • Compute basic, allowances, perks etc. • Calculate any pro-rata salary components if applicable for the month • deductions • Calculate TDS In case employee has left the organization • In addition to basic salary and allowances, encash leaves as per organization's policy • Apply deductions and calculate TDS • Compute full and final settlement Validation - • Ensure salary calculation is done as per the structure defined for each employee • Check if defined rules have been considered. For e.g. in case a Salesman has made sales greater than Rs. 10L for the month, then he gets 5% commission. • may differ for permanent and contract to hire employees. Exit - • Generate paysilp of the employees • Credit salary to employee's savings bank account • Credit employee's PF account, gratuity, superannuation etc. • Email payslip to employees and update in all systems