Payroll Setup
Setting up Payroll in Devize is essential for managing employee salaries, taxes, and compliance efficiently. Follow these steps to configure your payroll settings, including organization details, pay schedules, and statutory components.
Payroll Setup Steps
Follow these steps to set up Payroll for your business:
- Add Organisation Details: Enter your company details, including name, address, and tax registration, to set up payroll correctly.
- Provide your Tax Details: Enter your business tax information required for payroll processing and compliance.
- Configure your Pay Schedule: Define payroll frequency, workweeks, and pay periods for employees.
- Set up Statutory Components: Configure statutory deductions such as Provident Fund (PF), Employee State Insurance (ESI), Professional Tax (PT), and Labour Welfare Fund (LWF).
- Set up Salary Components: Define earnings, pre-tax deductions, post-tax deductions, and employee reimbursements.
- Add Employees: Register employees in the system to process payroll.