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SECURITY SYSTEMS & SOLUTIONS

Payroll

SECURITY SYSTEMS & SOLUTIONS

payroll system

Payroll Management

Get salaries out in just minutes instead of days!

Our salary software covers all aspects of payroll management leading to less work and greater peace of mind. You can now ensure 100% accuracy, huge time savings and highly satisfied employees.

Excel import facility and mass data update keeps manual data entry to a minimum and speeds up work.

Payroll Processing

The biggest strength of our payroll software is it’s flexibility and power to handle any type of salary structure. With extensive configuration settings we guarantee that your requirements will be perfectly addressed!

Each month, all you need to process employee salaries is to click a button. With that single click, the software accurately computes salary for all employees including Statutory Deductions (PF/PT/ESI/TDS), loan deductions, stop payments, revisions, loss of pay, pro-rata salary, Income Tax computation– the list goes on. And all this in just a minute!

Salary Slips

Your business loses every time an employee gets an incorrect salary slip. The employee is unimpressed and may even get suspicious. Productivity takes a hit while the error takes time to fix. The problem repeats, month after month.

Get 100% accurate and professional looking pay-slips, instantly, and without any effort!

You can customize the appearance and content of your salary slips. Generate the payslips and download them for printing. Or, email the pay-slips directly to employees as PDF attachments (with password protection). Even better, publish pay-slips online and employees can view / download the salary slips at their convenience.

Statutory Compliance

All statutory deductions for PF, ESI, Professional tax, TDS, etc. are automatically handled by the payroll software as per law. Of course, you can further tune a variety of parameters to make this suit the specific needs of your company.

Income Tax (TDS) Management

Indian income tax rules are one of the most complex in the entire world. Accurate TDS calculations become a daunting task as a large number of clauses and sub clauses need to be considered. Greytip Online expertly masters all this complexity and you have very little work to do each month.

Not only is the TDS automatically deducted but various related reports are ready to use including Monthly Tax Statement, Form 16 & 12BA, Form 24Q, etc.

Digital Signatures for Form 16

The Form 16 documents can be digitally signed with your company’s digital signature.

Loans / Arrears / Reimbursements

A complete salary software needs to handle all requirements including salary advances, loans and automatic EMI deductions, arrears, reimbursements, bonus and so on. Greytip Online does so with minimum fuss and maximum effectiveness.

Full & Final Settlement (F&F)

F&F settlements are simple and easy to do. The system handles all aspects of settlement like recovery of pending dues, notice pay, leave encashment, etc. to compute the final settlement amount. Final settlement payslips can be generated. Moreover, you can also do resettlement of an already settled employee for any additional payouts.

Excel Import / Mass Update

Eliminate time consuming data entry chores with dozens of Excel importers for virtually any type of employee information. For further time savings, we have mass update facility that updates salary information for multiple employees in one shot.

Payroll Reconciliation

We have a variety of reconciliation tools to ensure salaries are accurate. The Payroll Differences Report not only tells you which components have changed compared to last month but also the reason for the change. There are other useful reports like employee head count reconciliation and payroll transfer type reconciliation (cash/bank) that are very useful.

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