Pay Head Configuration:

• Salary head configuration: All required Pay heads & deduction heads prevalent in the organization will be maintained. The heads will be grouped for maintaining the calculation rules. This is dynamical in nature. Employee wise or Employee category wise calculation condition, eligibility, rule formulation may be maintained. Pay calculation is done based on these formulations.
• Statutory deduction configuration: Based on the statutory requirement, Employee wise or Employee category wise calculation condition, eligibility, rule formulation will be maintained. Deductions will be done based on these formulations through a calculation rule bench.
• Income Tax configuration: Income tax is calculated based on the prevailing Income Tax Act. It is based on the Tax calculation rules; Employees Savings as permitted by the Act, Gross pay which taxable as per the Act.
• Tax is calculated & deducted in pro-rata basis on Yearly Salary (Actual up to date plus extrapolated salary for the remaining period of the year) considering eligibility and rules.
• Provisional and Final declaration of eligible savings are defined with the maximum ceili

Loans & Advances:

• Loan/Advance configuration: Different Loans / Advances applicable in the organisation will be maintained. A Loan/Advance may be interest bearing or without any interest charges.
• An employee may have number of Loans/Advances running at a time.
• Loan maintenance : Loans taken by an employee is maintained individually in ledger form.
• New Loan: In case of a new loan, Loan master record is created. Principal & Interest amount debit for the first time in the Loan ledger after confirmation of loan.
• Automatic Loan deduction: In periodical payroll processing, Loan instalments are deducted and the Loan ledger and interest realized up dated.
• Cash refund of loan: An employee can refund the loan at a go by returning the balance loan amount and interest thereon.
• Non deduction in a particular period: If require a loan deduction in a particular period may be stopped

D. Leave / Compensation:

• Leave / Compensation: Different type of leaves may be defined in the system. A leave may be accumulated and carried forward in the next year or may be lapsed after a year.
• Assignment of leave /compensation code: At the time of attendance entry a leave may be assigned or it may be maintained well in advance for sanction.
• Booking of Overtime or extra working day: Any sort of compensation like overtime, extra shift work etc may be maintained in the system.

Pay Calendar : Payroll calendar/s is defined to obtain the Pay periods. Different calendars can be defined for different categories of employees.

1. Pay Scale : Category wise Pay Scale can be defined in the system. This scale will have a default annual increment amount. 2. In absence of any pay scale in the organisation, it will be maintained in individual employee level without any annual increment.

G. Employee Hierarchy:

i) Hierarchy Level: Hierarchy level of the employee in his category can be defined in the system.

ii) This will be used at the time of promotion or different MIS reports.

Person Category:

i) For differentiating between pay roll groups person category is maintained.

ii) iMapping of pay period, pay type (Hourly/Daily/Monthly), Pay Scale, Hierarchy is made through this category.

Pay Calculation Rule Bench:

i) A simple calculation rule writing bench is developed to calculate individual pay heads and deduction heads amount dynamically at the time of pay roll preparation.

Pay Adjustment bench: A simple pay adjustment bench is developed for any other deduction which cannot be mapped through calculation bench.

Income Tax Calculation Rule Bench : A Year to date (YTD) calculation functionality is developed to determine the Income Tax deductible for the year. The tax amount is deduction monthly in pro-rata basis.