A Study on Payrol Process and Hrms

A Study on Payrol Process and Hrms

Author Name : Vigneshwaran D, DR. Muthumani S, DR. Priyadavinod

ABSTRACT Payroll processing is an elaborate process that involves a lot more than salary calculations. The process can be intimidating if you do not know how to go about it which is exactly why this handy guide will navigate you through the intricacies of payroll processing. Payroll processing is an essential business function that involves arriving at the ‘net pay’ of the employees after the adjustment of necessary taxes and deductions. For efficient payroll management process, the payroll administrator needs to plan the payroll process step-by-step. earnings are said to be the amount that would be given to the employee in the name of VDA, CA and so on including the Basic pay and stated as Total Payable. Deductions are said to be the amount that is deducted from the total payable and given to the companies or taken for the management and the rest would be given to employees as Net Payable. The process of recovering money from the employees in name of deduction and paying to the companies as it is called as Remittance process.