Start managing your payroll online
Managing Payroll has been always a challenging and time consuming task. With online payroll management system integrated with time attendance system, you can manage your company payroll in a more efficient way. Once the payroll is generated, every employee will be able to see their payslip, tax payable, insurances, provident fund, etc. This will ensure swift communication regarding payroll in the company.
Define Entitlements and Deductions
First of all, you need to define different types of Entitlements of the employees. The entitlements can be basic salary, different kind of allowances, provident fund, medical facilities, etc.
Further you can define different kind of deductions such as Advance Salary, Salary Tax, etc.
Define Salary for each employee
You can define salary for each of the employees. The employees can be full time, part time on contract basis, daily basis, hourly basis, etc. You set the salary effective date, different kinds of entitlements and deductions applicable, Income TAX payable, Provident fund, etc.
Monthly Payroll Generation
You can generate payroll of your employees for a given month. Once the payroll is generated it needs to be approved. When it is approved, it will be available for all the employees to view how much they are paid, their deduction, the taxes paid, etc.
When the payroll is generated, you can send a bank advice to the bank to deposit salary in the employees’ accounts. Here you can customize your letter as per your need. You can make template for each of your branches as the bank may be different for each of your branch.
Monthly Pay slip
The employees will be able to see the salary they have earned, the provident fund, Tax, other deductions and more online.
You can record the advance salary provided to employees and set deduction schedule on monthly basis. While generating salary sheet, the system deducts the advance salary as per the setting.
Adjustable payroll month
You can set up your payroll month as per your need. For eg, you can set 25th of this month to 24th of next month as your payroll month.
Payroll Generation based on BS or AD Date
You can set up your payroll year and month. Either you can choose BS or AD date for your payroll generation.
Advance setting for Payroll
You can set different setting as per your company policy. This setting can be applied to entire company, a branch, a department or an employee. Following are few example;
- Adjust Overtime Rate (for eg, provide 1.5 times of regular pay) for working day or for non working day.
- Calculate Overtime only after employee has worked for specified hours than regular office hour
- Count absent if late for specified hours
- Define whether to deduct salary for absent days
- Define whether to deduct salary for insufficient worked hours
- Define whether to deduct salary for leaving office early
Customized as per Nepal Government Rules
Based upon Nepal Government rule, tax is automatically set by the system for every year.
Tax Payable report
The system generates Income Tax payable report for each employee each month. This helps manage salary tax for each month. Further, you can export the Remuneration Income Tax and Social Security Tax to export and upload this file as your tax filing in https://ird.gov.np/.
The system generates CIT Report report for each employee each month. This helps you to submit your monthly CIT deposit to CIT. You can directly print letter for CIT from the system and submit to CIT.
Provident Fund Report
The system generates Provident Fund report of each employee for each month as well as for all the employees. This helps to deposit provident fund amount in Employee Provident Fund. You can directly print letter for EPF from the system and submit to EPF.