Relyon Softech Ltd, India
Relyon is one of the leading software company based in bangalore, India providing Software solutions on Payroll, Taxation and Office Automation. To know more on Relyon visit www.relyonsoft.com.
Saral PayPack
It is the most powerfull payroll software known for simple salary calculation and customized reporting. It holds very near to be a Payroll ERP. It provides efficient features for all payroll requirements. To know more on India's best Payroll Software, visit www.saralpaypack.com
Payroll
Payrolll is the financial record of employees' salaries, wages, bonuses, net pay, and deductions. Payroll involves the disbursement of funds to company employees and the management of the myriad withholdings related to taxes and retirement plans. Managing payroll can become quite complicated due to the diverse types of employees a company may employ; full-time, part-time, salaried exempt, salaried non-exempt, contractor, etc. This leads many companies to outsource their payroll to external companies. Payroll is one of a series of accounting transactions dealing with the process of paying employees for services rendered, after processing of the various requirements for withholding of money from the employee for payment of payroll taxes, insurance premiums, employee benefits, garnishments and other deductions.
Salary
A salary is a form of periodic payment from an employer to an employee, which is specified in an employment contract. From the point of view of running a business, salary can also be viewed as the cost of acquiring human resources for running operations, and is then termed personnel expense or salary expense. In accounting, salaries are recorded in payroll accounts. Salary means the employee's rate of pay (in accordance with the pay rates) will be salary for all purposes, including superannuation (subject to relevant superannuation scheme rules), overtime, severance and termination payments. Participation in salary sacrifice arrangements or purchase leave options will not affect salary for these purposes.
Payroll Software
Payroll Software is a computer application which automates the payroll processing. It covers several aspects of Payroll Including Employee Master data, Salary structures and heads in an organization, Respective methods for calculation of Salary Heads and Employee salary values.
Further it creates the reports such as Paychecks/Payslips, Salary sheets and other required reports towards payroll outputs. To know more detailed description on Payroll software, you can check at Payroll Software India website.
Salary Software
Salary Software is a computer application which automates the Salary processing. It covers several aspects of Salary Including Employee Master data, Salary structures and heads in an organization, Respective methods for calculation of Salary Heads and Employee salary values.
Further it creates the reports such as Salary checks/Payslips, Salary sheets and other required reports towards Salary outputs. To know more detailed description on Salary software, you can check at Salary Software India website.
HR - Human Resource
Human resources has at least two meanings depending on context. The original usage derives from political economy and economics, where it was traditionally called labor, one of three factors of production. The more common usage within corporations and businesses refers to the individuals within the firm, and to the portion of the firm's organization that deals with hiring, firing, training, and other personnel issues. This article addresses both definitions.
Human-Resource Management serves 5 key functions 1)Hiring 2)Compensation 3)Evaluation and Management (of Performance) 4)Promotions 5)Managing Relations It is the responsibily of human resource managers to conduct these activities in an effecitvive, legal, fair, and consistent manner.
The Objective of Human Resources To maximize the return on investment from the organization's human capital.
HR Software
Automating Human Resource activities in an organization.
Employees' Provident Fund
A fund paying benefits to the company employees who are fund members upon the termination of their employment. Contributions paid into the fund by both the employees and the employer are invested in accordance with the pre-determined condition of amount and risks. For more on EPF refer http://www.epfindia.nic.in/epf.htm
Public Provident Fund
The Public Provident Fund (PPF) is probably the most popular of all the tax-saving schemes. Under the Income Tax Act, you can invest your income to claim a rebate or deduction from your income/tax. The PPF account may be opened at any branch of the State Bank of India (SBI) and its subsidiaries, a few branches of the other nationalised banks, and all head post offices. The minimum deposit is Rs 500.
The Public Provident Fund (PPF) is a great tax-saver, but you should acquaint yourself with the instrument before you park money in it. For instance, did you know that you need a minimum investment of Rs 500 to keep a PPF account alive, and the maximum you could deposit in a financial year is Rs 70,000!
Coming Soon: Employee State Insurance , Professional Tax , Gratuity, Bonus, Arrears, Leave, Attendance, Payroll Software India , Indian Salary Software
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