Payroll Configuration and Salary Management

Feature Descriptions

• Salary Components:Define parts of the salary structure—like basic pay, HRA, bonuses, and deductions—with value types set as fixed amounts or percentages.
• Salary Groups:Group employees under common salary structures for easier payroll processing.
• Salary TDS:Configure tax deduction slabs based on annual salary brackets to automate monthly deductions.
• Salary Payment Method:Define how salaries are disbursed (e.g., bank transfer, cheque).
• Salary Slip Data:Configure the layout and content of generated salary slips provided to employees.
• Payroll Currency Settings:Set supported currencies for payroll, including symbols for slips and reports.

Example

Salary Components

Component Name	Component Type	Component Value	Value Type (Fixed/%)	Action
Basic Pay	Earning	40	%	[Edit] [Delete]
HRA	Earning	20	%	[Edit] [Delete]
Provident Fund	Deduction	12	%	[Edit] [Delete]

 

Salary Groups

Name	Salary Components	Action
Standard Group	Basic Pay, HRA, PF	[Edit] [Delete]
Executive Group	Basic Pay, Bonus, PF	[Edit] [Delete]

 Salary TDS (Tax Deducted at Source)

Annual Salary From	Annual Salary Upto	Salary Percent	Action
$0	$50,000	0%	[Edit] [Delete]
$50,001	$100,000	5%	[Edit] [Delete]
$100,001	$200,000	10%	[Edit] [Delete]

 Salary Payment Method

Name	Action
Bank Transfer	[Edit] [Delete]
Cheque	[Edit] [Delete]
Cash	[Edit] [Delete]

Salary Slip Data

Field	Value / Action
Salary Slip Format	[Standard / Custom]
Include Tax Details	[Yes/No toggle]
Include Employee ID	[Yes/No toggle]
Include Bank Details	[Yes/No toggle]

Payroll Currency Settings

Currency	Symbol	Action
USD	$	[Edit] [Delete]
INR	₹	[Edit] [Delete]
EUR	€	[Edit] [Delete]