Dear All, I am working as HR-Executive, I want to know how to generate payroll and is there any site which teach payroll generation online? With Regards, Deepika G.:icon1:
From India, Hyderabad
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1From India, Hyderabad
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Hi Deepika!
Yes, you will find a website for generating payroll/salary structures for CTC for various scales and levels/grades to reach up to gross. There are various payments based on a particular percentage of the Basic, for example:
- HRA (40%)
- Compensatory Local/City Allowance (10%)
- Conveyance Allowance (fixed)
- Professional Allowance (fixed)
- Child Education Allowance (fixed)
- Medical Allowance (8.33%)
- LTA (Basic/12 months)
- GROSS
Deductions:
- PF
- VPF
- ESIC
- Professional Tax
- TDS
- Canteen
- Courier
- Telecommunications
- Conveyance
- Salary Advance
- Other Advances
- Loans
- Arrears
- TOTAL DEDUCTIONS
- NET SALARY (TAKE HOME)
For any further explanations, please write to me at bhardwaj.ch@gmail.com.
Chandresh
Generalist
HR & IR
From India, Ahmadabad
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Yes, you will find a website for generating payroll/salary structures for CTC for various scales and levels/grades to reach up to gross. There are various payments based on a particular percentage of the Basic, for example:
- HRA (40%)
- Compensatory Local/City Allowance (10%)
- Conveyance Allowance (fixed)
- Professional Allowance (fixed)
- Child Education Allowance (fixed)
- Medical Allowance (8.33%)
- LTA (Basic/12 months)
- GROSS
Deductions:
- PF
- VPF
- ESIC
- Professional Tax
- TDS
- Canteen
- Courier
- Telecommunications
- Conveyance
- Salary Advance
- Other Advances
- Loans
- Arrears
- TOTAL DEDUCTIONS
- NET SALARY (TAKE HOME)
For any further explanations, please write to me at bhardwaj.ch@gmail.com.
Chandresh
Generalist
HR & IR
From India, Ahmadabad
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Rules for Statutory Deductions Exemptions Perquisites-Pay roll.doc
Employee's Compensation Act-2009.pdf