Payroll Software

A payroll is a company's list of its employees, but the term is commonly used to refer to:

What is the payroll system?
A payroll system is software which organizes all the tasks of employee payment and the filing of employee taxes. These tasks can include keeping tracking of hours, calculating wages, withholding taxes and deductions, printing and delivering checks and paying employment taxes to the government. Payroll system is software which organizes all the tasks of employee payment and the filing of employee taxes. These tasks can include keeping tracking of hours, calculating wages, withholding taxes and deductions, printing and delivering checks and paying employment taxes to the government.

Benefits of Payroll:
Payroll has been designed to reduce the time and affort that is normally associated with payroll processing and to provide a direct and seamless operation that enables the employer to handle all staff and payment processes in a simple and accurate manner.
It allows organization to generate pay slips and salary register, based on the attendance of the employees taking care of leaves, overtime, allowance, loans, advance, bonus, arrears and other standard deduction like PayE, PF, ESI, PT & TDS etc.