Hi.... Prema Latha
The Payroll Processing will be easy if you maitain complete EMPLOYEE DATABASE working in your organisation.
Employee Codes helps you in sorting the problems.
For 50+ employees, Payroll Procssing can be done on an excel sheet.
The sheet should contain the basic information of the employees like Employee code, Employee Name, Designation, Departtment/Section, Date of Joining, Date of Birth, PF No, ESI No, Father Name.
Total days for the month, Days to pay DTP(worked days for the month including leaves & W/O)
DTP= (Physical Working Days+Paid Leaves (CL,SL,EL)+Paid Holidays+W/O+Compensatory Offs) - (Loss of Pay+Unauthorised Absence)
Salary Details: Gross Salary, Basic, HRA, conveyance, DA, FDA, VDA, Total Salary, Basic earned, HRA earned, Conveyance earned, DA earned, FDA earned, VDA earned, total salary earned.
Other Pays: Overtime pay, incentive pay etc
supplementary pay, arrear pay
Deductions: PF ded, ESI ded, deductions for late comings / early goings etc.
The Gross salary earned for the month + other pays= Total earnings of the employee
The total earnings of the employee - Total deductions = NET SALARY OF THE EMPLOYEE FOR THE MONTH
I hope I haven't missed any thing
If I have missed any please let me know.
Bye...
Sindhu