A Practical Guide to Indian Payroll

A Practical Guide to Indian Payroll

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Payroll is fundamental to an organisation. In India, several laws and regulations are in place to protect the interest of relevant stakeholders in the payroll parlance. However, it is a cumbersome task to go through each one of them in detail personally. Secondly, not all provisions listed might apply to your organisation.

 

Our experience of conversations with several users of our payroll software and their willingness to learn led us to compile this information resource.

Our effort is to bring a common platform to accumulate information as a ready referencer, not necessarily covering only aspects of law but to take you through the complete process.

We will look into:

  • An overview of the Indian payroll
  • Knowledge of components that structure a Salary and CTC
  • Applicability of Statutory Social Securities to organisations and employees
  • Calculation of PF, ESI, PT contributions
  • Relevance of HRA component in the salary and taxation impacts
  • Insights on Bonus, Gratuity and Ex-Gratia payments
  • Benefits available under various schemes of ESI
  • A guide through employee IT declarations and Form 16
  • Importance of an Attendance Management System
  • Detailed guide on Leave policies, Maternity leaves
  • Statutory registers to be maintained by organizations
  • Ingredients of an Ideal Salary Structure
  • Knowledge of Payslip, Salary sheet, Form T and Muster Roll
  • A summary of payroll compliance and relevant Due dates
  • Walk-through process of joining requirements, necessary documentation and precautions during full & final settlement
Complete Guide to Payroll India



 

Note: The intention of this book (including any information contained in it) is to provide general information on a particular subject(s). It is not an exhaustive treatment of such subject(s) or a substitute for professional services or advice. This material may contain information sourced from publicly available information or other third-party sources. Do not rely on this book as the sole basis for any decision which may affect you or your business. Refer to bare acts, rules, and notifications of the government in case of any doubts or contradictions.

 

Contents

Sl. No.Topic…………………………………………………………
1Payroll Overview
2Salary Structure
3CTC
Statutory aspects-Payroll
4Provident Fund (PF)
5E Filing Provident Fund
6Universal Account Number (UAN)
7National Pension Scheme (NPS)
8Employee State Insurance (ESI)
9ESI- Electronic Return Format
10Labour Welfare Fund (LWF)
11Bonus and Ex gratia
12Gratuity
13Professional tax
Income Taxaspects-Payroll
14House Rent Allowance (HRA)
15Taxation of Provident Fund (PF)
16Income Tax and Salary TDS
17Income Tax Declarations
18Form 16
19Due Dates relating to Payroll in India
Leave and Attendanceaspects-Payroll
20Holidays
21Leaves
22Attendance Management System
Other Items in Payroll
23Overtime
24Re-imbursements
25Salary Disbursement
26Ideal salary structure
Payroll Reports
27Payslip
28Salary Sheet
29Minimum Wages
30Form T
31Muster Roll
32Summary of Payroll compliance
33Statutory Registers
Other Procedural aspects
34Joining requirements
35Standing instructions- Payroll
36Payroll - Letters to Staff
37Full and Final settlement
 
 
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