Payroll Settings
Salary Components:
Create Salary Components: Define various elements of the salary such as basic pay, allowances (housing, transport), bonuses, and deductions (taxes, benefits contributions).
Configuration: Customize each component with specific calculation rules and percentages as needed.
Salary Groups:
Create Salary Groups: Group employees with similar salary structures together for easier management.
Assign Components: Assign salary components created above to each group to streamline the payroll process.
Salary TDS (Tax Deducted at Source):
Set Up TDS: Define the tax deduction rules as per local tax laws.
Configuration: Input the necessary percentages and thresholds to ensure accurate tax calculations.
Overtime:
Configure Overtime Rules: Set the criteria for overtime, including rates for different types of overtime (e.g., regular, double).
Automatic Calculation: Ensure the system calculates overtime based on these rules and integrates it into the payroll.
Undertime:
Set Up Undertime Rules: Define policies for undertime, where employees work less than their required hours.
Deductions: Configure how undertime affects salary, including any deductions or penalties.
Payment Method Settings:
Define Payment Methods: Specify the methods available for salary disbursement such as bank transfers, checks, or digital payments.
Configuration: Set up the necessary details for each payment method to facilitate smooth transactions.
Advance Salary Percentage:
Set Advance Salary %: Determine the maximum percentage of salary that employees can request as an advance.
Mobile Application Integration: Employees can request an advance salary through the Digital HR mobile app based on this predefined percentage.
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