- Employees can contribute extra voluntarily to their PF account and give details of the family members who are going to be nominated for various schemes.
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- Configure even most complex salary structures and also create multiple salary structures with ease by creating multiple salary templates for various categories of employees, and mapping employees to their relevant salary templates.
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- Manage ad hoc earnings or deductions for a particular month.
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- Any kind of loans or salary advances can be defined.
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- Once a loan is granted the loan EMI calculations can be automatically done in HRIS/HRMS.
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- The personal or housing loan comes as a deduction in the pay slip. Get a report at any point of time to figure out how many employees have taken the loan and how much of the loan money is outstanding.
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- Any number of perks earning can be defined as also the number of pay earning, perk recovery and deductions.
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- You can define the IT exemption limits.
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- In Pay heads like HRA, standard salary entitlement can be based on fixed amount or formula based.
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- Pay heads can be included in full or final settlement.
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- HRIS/HRMS can be customized 100% for even the most complicated pay calculations in the entire world.
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- Create JV reports in excel format based on any combination of pay heads so as to be able to import into your accounting software thus doing away with any kind of salary related data entries again.
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- In case your firm has flexible benefit plan then it is very easy to configure the pay heads included in flexible benefits based on formula or a maximum limit.
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- The profession tax table applicable in various Indian states has already been created.
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- All the changes announced by the finance minister in the annual budget are implemented in seconds using a powerful income tax formula builder.
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- HRIS/HRMS should have a very elaborate increment process based on pay cycles or slab bases or it could also be based on formula applicable to certain pay groups.
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- HRIS/HRMS should have promotion management module to track progress of employees and employee history tracking. Global ID maintained to track particular employee’s multiple time joining the same organisation with interval of time period in Employee History
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- HRIS/HRMS has a powerful import facility in which you can import loans investments, increment, processed salary data and current month’s payroll data using excel.
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- Salary processing can be done in a few easy steps. For full and final settlement of employees more or less the same steps as just explained in salary processing are to be followed.
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- With HRIS/HRMS online payroll system, you have a permanent solution for generating pay slips. Get 100% accurate and professional looking pay-slips, instantly, and without any effort!
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- Send Attendance detail of month to all or specific employees before beginning of salary process for checking, so maximum regularisations done before final payroll run.
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- Send Salary Slip to all or some employees in Email after salary processing.
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- Keep salaries of specific employees on hold when you are not sure whether an employee will return back to work or not. Pay salaries on hold, whenever you want, by unlocking stop payment and process salary along with arrears of previous months with minimum fuss and maximum effectiveness.
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- Employees should be able to fill their investment declaration forms online. They can also view their salary, loan and income slips in a few clicks
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- Payroll module should have lots of standard reports like company wise, department wise, designation wise, salary statements, Form 16, PF, ESIC statements, loan transaction, arrears and TDS reports.
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- Generate salary disbursement statements and bank advices to credit employees’ salary.
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- Upload previous years processed salary data using bulk updates with Microsoft Excel template to maintain salary history. Also upload previous unpaid bonus, incentives, retention amount in the HRIS/HRMS.
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- Other reports like salary reconciliation, transfer and promotion report as also e-form 24 Q, PF and ESIC reports and challans can be generated.
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- F&F settlements should be simple and easy to do. The system handles all aspects of settlement like recovery of pending dues, notice pay, leave encashment, etc. to compute the Final settlement amount. Final settlement pay slips can be generated. Moreover, you can also do resettlement of an already settled employee for any additional payouts.
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