Can a payroll software be an effective HRMS?

Can a payroll software be an effective HRMS?

How do companies manage their employee data? I often have discussions with senior management of small and mid-sized companies on the HR software they use to manage their employees. In many cases – the only HR software that companies use is a payroll software. Their employee data is typically spread between their payroll software, spreadsheets, […]

Latest Income Tax Rules for FY 2017-18: Empxtrack Is Here to Help You

Latest Income Tax Rules for FY 2017-18: Empxtrack Is Here to Help You

Get latest updates on income tax rules and 24Q form filing for FY 2018-19. In India, 2016 ended with the news of Demonetisation surfacing all over the country and impacting rich and poor alike. The prolonged cash shortage created a lot of confusion and chaos for the common people, and it hugely impacted disposable income […]

Payroll Management : Remain Statutory Compliant & Avoid Last Minute Payroll Hassles

Payroll Management : Remain Statutory Compliant & Avoid Last Minute Payroll Hassles

Payroll management is time-consuming and complex and requires full business confidentiality. Managing employee data, answering queries, preparing reports and looking into payroll processing, all often at the same time, becomes overwhelming and stressful for the HR department. What are some common issues in payroll processing? Calculating taxes, Provident Fund (PF) and ESI deductions, travel/ medical/ […]

Solve 5 Major Payroll Challenges With An Online Payroll Software

Solve 5 Major Payroll Challenges With An Online Payroll Software

Transitioning paper-based payroll processing to an online payroll system has always been a debatable topic for the leadership in many organizations. Despite having payroll software and resources, organizations consistently face payroll management challenges. A payroll management administrator encounters many payroll issues on day-to-day basis, each with varying degree of success in resolving them. Many organizations […]

What is payroll and how payroll calculations are done?

What is payroll and how payroll calculations are done?

Through this blog let us explore what is payroll and methods of the payroll calculation. Payroll processing consist of calculation of payments to employees for their work in the company – whether it is based on time or productivity, calculation of benefits, and statutory deductions. Payroll needs to be processed by each company periodically. It […]

Rules to Calculate Employee & Employer Contribution for ESI and PF Deduction

Rules to Calculate Employee & Employer Contribution for ESI and PF Deduction

Employees’ State Insurance Scheme ESI scheme is a contributory fund that enables Indian employees to take advantage of self-financing and healthcare insurance fund contributed by the employee and the employer. The scheme is managed by Employees’ State Insurance Corporation which is a self- financing social security and labor welfare organization. It administers and regulates ESI […]

Statutory Compliances in Indian Payroll Management System

Statutory Compliances in Indian Payroll Management System

What is Statutory Compliance? Statutory compliance, in HR, refers to the legal framework within which organizations must operate, in the treatment of their employees. Every country has several hundreds of federal and state labour laws that companies need  to align with. This list is forever being added to. A lot of your company’s effort and […]