sachin_2005
hai friends,
could anybody helps me on complete system of Payroll in organisations..
what r the things comes under in payroll ?
what has to concentrat more while calculating payroll of employee..?
and many more
Pls suggest me...
this could help in my comming interview & partical work at work place

From India, Hyderabad
Sadashiv Rao
5

Hi Sachin,

To answer your query on Payroll please note tha following points:

a. Payroll is nothing but the salaries / breakups of the same of the employees in the organisation

b. Payroll will consist of (normally) the Employee Code / no. Name / Date of joining / No. of days worked (30 or 31 depending on the month) + Basic Salary + allowances (depending on thhe no. of components ) =Gross Salary

c. From the Gross salary there will be deuctions ranging from the statutory deductions like PF / ESI where applicable/ Profession Tax / Income Tax where applicable / Loan taken by employee(this is internal)= NET SALARY

This is what payroll is all about in simple language. In fact a senior member in this site Mr.Rajat Joshi has answered this in a more elaborate way to another person who had the same query as you . just click on the forum Talk to Seniors & you will find the answer that you are looking for.Since I am not based in the country there might be certain deduction slabs which you might need to know also , but I hope this information helps you out on your Interview. All the very best to you & God Bless :D

Regards,

Sadashiv Rao

From Kuwait, Kuwait
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.