Payroll

The Payroll Module in Devize is designed to streamline payroll processing, ensuring accurate salary calculations, tax deductions, compliance, and seamless employee compensation management. It simplifies payroll operations for businesses by automating calculations, reducing manual errors, and providing detailed reports.

What is Payroll?

Payroll refers to the process of managing employee salaries, wages, bonuses, deductions, and taxes within an organization. It involves calculating salaries based on attendance, leave, deductions, and statutory compliance while ensuring timely payments to employees.

Key Features of Payroll Module

The Payroll Module in Devize offers several features that simplify payroll management:

Employee Salary Management: Automates salary calculations based on predefined salary structures and components.
Tax Compliance & Deductions: Ensures proper tax deductions, provident fund (PF), Employee State Insurance (ESI), and other statutory contributions.
Payslip Generation: Provides employees with digital payslips detailing their salary breakdowns and deductions.
Reports & Audit Logs: Maintains payroll transaction logs for financial tracking and compliance.