LTA, Expense Reimbursements, Salary Arrears, Loan Recovery, PF Maintenance, Full
and Final settlement
Payroll is more than processing salary. There are various supporting processes which
need to be managed.
EazePay is an integrated Payroll Software and it allows the Payroll Manager to control
all aspects related to Payroll. Some of the features which might be of interest
to you are:
- LTA claiming – ensure claiming of LTA is done as per the government rules of twice
in a block of four years, you can also carry forward unclaimed LTA to next block
as per the rules
- Claiming expense reimbursements – medical, vehicle maintenance, telephone are some
of the expense heads which are given as reimbursement. Through EazePay the employees
can claim these and provide supporting. Any number of custom expense heads can be
created
- Employee Advances and Loans – track employee loans and recover from the salary.
Perquisite value of loan can added to the taxable salary if the interest rate is
less than the SBI rate
- Process Salary Increments – provide arrears for back dated salary increase. Income
tax, PF and related deductions on arrears are managed automatically. Salary Increments
can be processed from back date
- Create files for automated electronic funds transfer from bank to employee accounts
- Full and final processing – settlement of accounts for resigned or retired employees
is done considering all aspects