Level 3 : Payroll and Reports

Payroll plays a vital role in every organization to compensate their employee’s salary, based on the wages that they earn and making some deductions to complying with the tax and Labour regulations, also it is one of the most important functions to scalable about the company’s business whether it is Growing or Degrowing, Payroll wage register will become the base data for all the challan preparations and statutory remittances and filling a return’s according to their state wise.

Payroll reports will support for any kind of analysis and comparison report to be made, on a quarterly, half yearly and Annually within the organization to understand the market value and standards with regards to the compensation and the “cost to the company”

It also helps to monitor whether all the norms and regulation are been followed by the company when it comes for a compliance Audit.

Payroll and Reports ( Indian Payroll ) Under this module you will be learning about the complete payroll process from punch to Pay slips generates.  
Module 1 : Important of payroll
  • Why payroll is important
  • Benefits of Payroll
  • Steps involved in payroll
  • Payroll process flow
Module 2 : Compensation and Benefits
  • Budgeting and planning
  • Payroll Life cycle
  • PDC
  • Pay codes
  • CTC structure
  • Salary fitment
  • Fixed wage
  • Earned wages
  • FBP
  • F&F Settlements
Modules 3 Statutory
  • PF
  • ESIC
  • PT
  • WWF/ LWF
  • Bonuses
  • Gratuity
  • LE
  • TDS
Module 4 : Adhering to government norms
  • Minimum wages
  • Statutory and compliances
  • Legal issues
Module 5 : Reports and MIS
  • Payroll reports
  • Statutory reports
  • Comparison reports
  • Quarterly/HY/Annually Reports
  • Audits reports
  • PT and TDS Reports & remittance