Payroll Solutions
Payroll Solutions (as an Exclusive Solution or part of Employee Life Cycle Management)
"A Right Pay is Employees' Right" – it is not a Slogan, but a Solution committed by us.
We commit a Comprehensive Solution which will be more than a Service of completing a determined task. Our payroll process is divided into three structured phases: Pre-Payroll Perusal, During Payroll Processing and Post Payroll Perusal, ensuring accuracy, statutory compliance and complete reconciliation at every stage.
Pre-Payroll Perusal
Ensuring Right HRIS
Attendance / Leave / LOP / Comp-Off / Overtime
Promotions / Transfers
New Joiners / Separations
Salary Revisions / Salary on Hold / Suspension
Approved Increments & Approved Variables
LOP Reversals
Maternity Details
National & Festival Holidays
POSH Holiday
Payroll Related Expense Management
Overtime Details
F&F Details
During Payroll Process
Validate Input Data for Current Payroll Period
Pay Days Verification
Input Numbers Match Output Numbers
Earnings Match Attendance
Deductions – Advance, Loan, Penalties, PF, ESI, PT, IT, LWF etc.
Post Payroll Perusal
Generate Salary Reports & Salary Slips
IT, Banking & Various Payroll Reports
Reconcile Payroll Earnings with Bank Statements
Reconcile Payroll Deductions with Statutory Contributions
Payroll Audit with Previous Month or Entire Year
Verify Payroll Bank Account Details with HRIS
Missing Payments / Double Payments Validation
Sharing the following Pay Reports
Payroll Summary – Summary of total compensation paid to employees during a specific pay month. It helps in manpower budgeting and costing.
Tax Report – Ensures the correct Income Tax and Professional Tax are deducted from salary, enabling the organization to meet its tax obligations.
Social Security Benefit Reports – PF, ESI and LWF statements for the applicable period.
Cost Reports – Cost Centre-wise, Department-wise and Project-wise reports to compute manpower costs incurred, enabling organizations to optimize manpower expenditure.
Year-to-Date Report – Enables analysis of payroll trends across the financial year.
New Joiner / Resignee Report – Useful for Final Settlement (F&F) processing.
Journal Voucher – Accounting entries for payroll processing.
Headcount & CTC Reports – Earnings, deductions and employee cost reports.
Bank Advice & Loan Recovery Statement – Reports for salary disbursement and employee loan recovery.
Why HR Vidyalaya – for your Payroll Solutions?
We have the expertise and tools required for Organizations to manage the payroll.
We are consistently updating with the Regulatory Changes in complying with the process of payment of wages/salaries and deduction & remittance of taxes.
We have the competency of "Master, Checker" to provide Operational Excellence in delivering Payroll Solutions.
We have a dedicated team and infrastructure to keep Data Confidentiality.