Is Strong Math Skills a Must for Building a Career in Payroll? Seeking Advice from Seniors

Dear Seniors, I am a B.Com graduate and want to build a career in payroll. However, I am not very good at mathematics. So, is it necessary to have a great knowledge of mathematics for a career in payroll? Kindly help.

No need to master mathematics; just basic fundamentals are more than sufficient. For example, additions, deductions, multiplications, percentages, dividends, and Excel – that's it.

Simply, you need to understand the calculation of basic fundamentals and the calculation of basic, HRA, and other benefits from gross. There is no need to be a master in mathematics.

Dear Seniors, I am new to this blog. I completed my MBA in HR and Finance in 2007. Due to my family life, I had to stay home, and now I want to continue my career. Can you please suggest how I should approach this? I am particularly interested in the areas of Payroll and Training. Are there any courses I can take in these fields?

Thanks,

Lakshmi

I think there is no need to have extensive knowledge in mathematics as only a basic understanding is required. You must be aware of the laws, acts, and provisions used in calculating wages. Statutory compliance, which abides by rules and regulations followed by government obligations, needs to be exercised.

Regards,

Common guys, stop advertising/promoting your service and answer questions if you can. Otherwise, please don't reply.

Understanding Payroll Basics

To learn about payroll, you should first understand various salary components and how they affect the net take-home pay. Gain in-depth knowledge of BASIC, HRA, travel allowance, medical allowance, LTA, PF, ESIC, PT, bonus, etc.

I hope this helps! Let me know if you have any other questions.

It's really not necessary to have knowledge of sine, cosine, and tangent to get into payroll. All you need is to know the rules and regulations (policies) followed in the organization you are working with or going to join, and yes, working knowledge of MS Excel is very important. Please note that software is company-specific. Please do not go for any institute that claims to be teaching you HR or payroll.

Hope it helps.