Payroll Management Practice
Certification – Payroll Management Practice
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
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
- Understanding the concept
- Importance of Payroll in an Organization
- 6 factors that brings the importance
- Fixed Salary Components
- Variable Salary Components
- Taxes & Contributions
- Benefits & Pre-Requisites
An understanding of Laws that govern
- Minimum Wages Act, 1948
- Payrment of Wages Act, 1936
- Equal Remuneration Act, 1976
- Employee Provident Fund Act, 1952
- Employee State Insurance (ESI) Act, 1948
- Payment of Bonus Act, 1965
- Income Tax Act, 1961
- Payment of Gratuity Act, 1972
- Maternity Benefit Act, 1961
- The Payroll Life cycle
- Policy
- Components
- Collecting Monthly Inputs
- Monthly Paysheet Preparation
- Preparing Bank Advise
- Preparing Payslips
- Distributing payslips
- PT, PF, ESI, IT etc., Statutory Remittances
- Full & Final Settlement