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.