AV - HR module

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Payroll

Payroll is the administration of financial records of employees' salaries, wages, bonuses, net pay, and deductions.

  • Define Payroll Period (optional)

  • Define Income Tax Slab (optional)

  • Create Salary Structure with Salary Components (Earnings and Deductions)

  • Assign Salary Structures to each Employee via Salary Structure Assignment

  • Generate Salary Slips via Payroll Entry.

  • Book the Salary in your Accounts

Salary Component

  • Leave Without Pay (LWP)

  • Earning ( Basic pay)

  • Deduction (Income tax)

Salary Structure
Calculated based on Earnings and Deductions.

  • Basic Salary

  • House Rent Allowance

  • Special Allowances

  • Leave Travel Allowance

  • Gratuity

  • PF

  • Medical Allowance

  • Bonus

  • Employee Stock Options

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