Payroll Software Bangalore

Payroll software Bangalore is a product of Prodigy Technologies, a software development company in Pune. Payroll software is built on latest dot net technologies. Payroll software is developed to make payroll processing fast and simple. Now payroll processing can be done in single click on our payroll software, just provide input to our payroll software

Payroll software

Payroll software bangalore comes in Desktop payroll software and Epayroll or Online payroll software. Desktop payroll software is off line solution where you can work on single location. Online payroll software or Epayroll is a web based payroll software that you can use anywhere and any time.

One of the best things about this payroll software is that it helps to reduce manual work. You do not have to type out the leave details of each employee; rather the payroll software can be connected with the attendance punching machine from where such data could be easily transferred. Also, other details like tax deductions, bonuses, etc., can also be calculated automatically with the help of this software. Online Payroll software can be operated both by the employer and the employee, as it comes with two user modes such as admin portal and employee portal. While the employer can process the salaries online, the employees can check out their salary details through the same mode.

Gratuity PaymentGratuity Gratuity Payment

March 23, 2016 at 06 : 23 PM

Gratuity payment is a lump sum that your company will pay you as an acknowledgement of your loyalty to the company. Naturally, gratuity becomes payable only after you have spent a certain number of years with the company. You will receive this benefit either at the time of retirement or when you resign from employment. There are two conditions that must be satisfied in order to be eligible to get the gratuity benefit:
  1. Your organization has a minimum of 10 people on payroll, i.e., at least 10 employees receiving salaries from the organization. Note that people on contract are not considered.
  2. You have completed at least 5 years with the organization. 
If an employee dies during the tenure of his employment or if employee is terminated due to disablement, then the 5-year rule is relaxed. So, even if such employee’s period of service is as little as 1 year, he/she will be eligible to receive gratuity if the first condition is met. According to the law, the
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Gratuity CalculationCalculations Gratuity

March 25, 2016 at 10 : 07 AM

Gratuity is considered as part of CTC by employers because they either make a provision for payment of Gratuity or contribute to Gratuity fund. It’s not mandatory for employers to maintain a Gratuity fund. It’s optional. Your employer can opt to pay Gratuity to employees directly. The only advantage of maintaining a Gratuity fund is that if you pay a marginal risk premium, Gratuity is paid by the insurance company in the event the employee dies while in employment considering the service from his Date of Joining till the date he/she would have superannuated from service if he/ she had been alive. Normally, if the employer pays Gratuity directly it will be restricted from the employee's Date of Joining till his date of death.

Please remember that the insurance companies pay Gratuity only from the fund contributed by you each year. So, if the Gratuity payable is greater than the fund maintained by you, the insurance companies will deny payment of Gratuity. For this purpose, the i
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