Payroll Management

  1. 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.
  2. Any kind of loans or salary advances can be defined and calculated on flat, reducing, PMT and average value method.
  3. Once a loan is granted the loan EMI calculations can be automatically done in the HRMantra payroll hr software.
  4. The personal or housing loan comes as a deduction in the pay slip or as a separate loan 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.
  5. Any number of perks earning can be defined as also the number of pay earning, perk recovery and deductions.
  6. You can define the IT exemption limits.
  7. In Pay heads like HRA, standard salary entitlement can be based on fixed amount or formula based.
  8. We are taking the help of math functions like IFF, MOD, INT; operators like <, =, AND, OR and pay heads which are included in adjustments, arrears, earned salary, normal salary and other fields like whether that pay head is based on location like Bangalore.
  9. Pay heads can be included in full or final settlement or a flexible benefit plan or in group insurance as per the requirements.
  10. For deductions like PF, do the adjustments based on full or negative or partial amount.
  11. HRMantra can be customized 100% for even the most complicated pay calculations in the entire world.
  12. Create any kind of JV reports in text, excel or dbase 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.
  13. 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.
  14. The profession tax table applicable in various Indian states has already been created.
  15. All the changes announced by the finance minister in the annual budget are implemented in seconds using a powerful income tax formula builder.
  16. HRMantra has 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.
  17. Open flexible benefit plan and investment form for certain group of people for a certain period and send an email to all of them in just one click.
  18. HRMantra has a powerful import facility in which you can import loans investments, increment, processed salary data and current month’s payroll data using excel.
  19. 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.
  20. Employees can fill their investment declaration forms online and can also do their income tax calculations. They can also view their salary, loan and income tax slips in a few clicks.
  21. Payroll Management system has lots of standard reports like company wise, department wise, designation wise, salary statements, Form 16, PF, ESIC statements, loan transaction, arrears exemptions and TDS reports.
  22. Other reports like salary reconciliation, transfer and promotion report as also e-form 24 Q, PF and ESIC reports and challans can be generated.
  23. So using HRMantra web payroll software your payroll process becomes very simple & you can import the processed data into your accounting software. You can also do payroll outsourcing to us
   

Payroll HR software is one of the most important products a company can have in place because it ensures employees are compensated fairly and accurately. Without the right payroll management system, that can be a real nightmare. We can provide the payroll software or payroll outsourcing you need for complete accuracy.

When you have the right payroll management system, your company benefits at every level. And we’re the company to assist you at HR Mantra. Please contact for more information on how we can help. You’ll soon be very glad you did.