Payroll Management Practice

Certification – Payroll Management Practice
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What does this Program Contains?

1. Basics of Payroll

2. Different Components - Detailed Understanding

3. Statutes / Laws That Effect Monthly Payments

4. Payroll Process - Best Practices

Benefits You Get From This Training

1. Understanding the Basic concept and its importance

2. Know the Different components of Payslip

3. Know the Laws that govern the Indian Payment System

 

4. Know the importance of Payslip and it’s preparation

5. Accurate and Error Free Process – Best Practices

6. Remittences & Full and Final Settlement

Topics Covered In This Training Program

1. Basic Concept

  1. Understanding the concept
  2. Importance of Payroll in an Organization
  3. 6 factors that brings the importance

2. Payroll Components

  1. Fixed Salary Components
  2. Variable Salary Components
  3. Taxes & Contributions
  4. Benefits & Pre-Requisites

3. Statutes / Laws that affect Monthly Payouts

An understanding of Laws that govern

  1. Minimum Wages Act, 1948
  2. Payrment of Wages Act, 1936
  3. Equal Remuneration Act, 1976
  4. Employee Provident Fund Act, 1952
  5. Employee State Insurance (ESI) Act, 1948
  6. Payment of Bonus Act, 1965
  7. Income Tax Act, 1961
  8. Payment of Gratuity Act, 1972
  9. Maternity Benefit Act, 1961

4. Payroll Process

  1. The Payroll Life cycle
  2. Policy
  3. Components
  4. Collecting Monthly Inputs
  5. Monthly Paysheet Preparation
  6. Preparing Bank Advise
  7. Preparing Payslips
  8. Distributing payslips
  9. PT, PF, ESI, IT etc., Statutory Remittances
  10. Full & Final Settlement

Whom it is intended for?

HR Personnel Who deal with Payroll Process
Payroll Personnel

Program Duration & Timings

Weekdays

  • 12 Hours of training (Concept + Practice)
  • online (Live Coaching) / Classroom sessions & Practice – 90 min/day (Mon – Thu)
  • Assignments during the training program
  • Assessment after completion of the Training Program