HR & Payroll Management System Software
A complete solution for all your HR needs
KarnaniSOFT offers a range of end-to-end payroll outsourcing services for SMEs, mid-sized & large organisations. We help streamline your entire payroll process.
Our payroll services include salary dispatch, legal processes, deductions, tax filings, accurate payroll processing, standardized workflows, expense management, statutory filing, analytics reporting, etc.
We help businesses thrive with better payroll. Know more about our services now!
Salary Calculation & Processing
With the human resource management software, users can define 15 Earning & 20 Deduction heads which are bifurcated in fixed and calculative heads like HRA, DA, TA, CLA, PT, PF etc. Users can set earning & deduction rules for them. Here users can create different rule combinations for employees having fifth pay, sixth pay & seventh pay etc.
For salary processing as a prerequisite, users have to enter deductions for different LIC’s, advance from salary, increment entry of eligible employees and attendance history that can be extracted via attendance monitoring system. Then according to rules and defined prerequisites, salary is calculated for all employees.
In addition to the regular salary bill, a supplementary bill can be prepared for the payment of Arrears, Consultancy, and Bonus, etc. The system provides an entry part for the preparation of these types of bills. Users can mention a remark to include this bill for the calculation of income tax.
Income Tax Calculation
Monthly deduction of income tax through salary bill is used for the income tax computation. The process starts with the declaration of income and deductions made by the employee apart from his salary. For income declaration, an employee has to submit an income declaration form. Then the account section verifies it. This entry will be issued for the preparation of form no. 16.
Income Tax can be calculated at the start of the year with a proposed salary calculation option. So that employee can get a rough idea of his income tax payable. This will help employees for his tax planning. The calculated income tax amount is transferred to the IT head and it is deducted every month for the current financial year.
Key Advantages Of HR And Payroll Management System Software
With the implementation of Human Resource Management Software, administrators can reap the following benefits…
- Faculty Record Maintenance: This school software enables the HR department to keep tab of the personal details, qualifications details, certifications data, etc. No need for the time & efforts-consuming paper records!
- End-to-end Payroll Processing: The payroll management system software streamlines end-to-end payroll process & minimizes the workload of staff members.
- Quicker Salary Calculation & Payments: Since it works in synchronization with the faculty management system, the salary calculation process becomes automatic, quick, and easy.
- Indian Payroll Laws: The payroll system works in compliance with the payroll laws stated by the Government of India.
- Enhanced Data Security: Enables institutions to define user roles and provide role-based access to the staff handling payroll system for enhanced data security.
- Insightful Payroll & Employee-Related Reports: Various types of insightful payroll & faculty performance-related reports can be generated with just a few clicks.
We transform businesses
We Provide multipurpose school management system which aids in automating the school’s daily operations hassle-free and provide insightful reports and 360-degree tracking so that the stakeholders can make better and faster decisions to escalate the productivity of their institution.