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Dedicated to alleviating the load of the paying employees and missing deadlines in finding various components and employee data, Payroll solution helps streamline the payout of the company. The system calculates the earning and deduction components based on the prerequisites setup like attendance, timesheet, travel, and taxes of an employee. The system itself keeps track of the employees’ worked hours, withholding taxes, calculating payment, generating the payslips, and contributing to the government employment taxes.

Without the mess of organizing these data into the excel sheet and calculating it manually, an integrated salary system will combine the data on its own and process the salary through the system with a click whenever the pay date is. Moreover, it keeps a record of the wages calculated and transferred for future audit purposes.

There are hundreds of payroll solutions giving a variety of features. An ideal system to purchase that goes well for all the business types should have the following features:

• Customization according to the company
• Scalability when the company expands
• Connected banking for direct salary transfer through the system
• Increased security to the data
• Tax deduction compliant with the statutory laws
• Inbuild generation of the reports and payslips
• Automatics record-keeping for accounting purposes