PayPac is an easy to use, highly paramaterised software to handle all the functional, accounting and legal requirements

1. PayPac is an easy to use, highly paramaterised software to handle all the functional, accounting and legal requirements of the payroll department.

3. Computation Defining Earnings Defining Deductions Defining Definitions Computation of Monthly Payroll Computation of TDS

4. Defining Earnings Various Earnings can be defined either as formulae or value. An Earning component can be proportionate based on no. of days present, or it can be absolute. Any no. of Earning component can be defined but maximum 20 Earning component can be given to one employee

5. Defining Deduction The following deductions are specifically provided PF ESIC Professional Tax TDS Other deductions can be defined via formulae or Value. Any no. of deductions can be defined but maximum 20 deductions can be given to one employee Deductions in respect of loans can be linked to the loan accounting module

6. Defining Definitions Definition can be defined as a formulae.These definitions can be used as base for calculation of other formulae SalPF SalESIC SalTax SalBonus SalOT

7. Computation of Arrears Arrears based on any earning/ deduction component, for any range of months can be computed for one or more employees Arrears can even be computed for Statutory deductions like PF , Esic

8. Computation of monthly salary All the fixed earnings and deductions for an employee are taken from his grade sheet Any no. of temporary earnings and deductions can be defined for a particular month No. of days to be paid are to be entered for the month Processing can be done employee wise, branch wise or for all employees for a particular month Reprocessing of salary is possible for one employee, one branch or for all employees till the month is closed

9. Disbursement Salary can be paid in cash or by cheque or by direct transfer to employees bank account Cash and cheque disbursement list is printed separately Bank transfer letter is printed for each bank Provision is made for �Stop Salary� for a particular employee Soft Copy formats of different banks can be directly generated from the software

10. Reporting -1 Several formats of pay slips are provided Salary register with user definable column Monthly payroll Journal voucher All reports can be filtered based on the masters entered eg. Branch / department / grade etc Any report can be exported to word or excel format

11. Reporting-2 Analysis across earnings or deduction component /period Analysis across employee / period All the reports can be grouped under branch / dept / section / designation /cost center Annual statements Employee / Components

12. Reporting-3 Analysis across employee / earning / deduction component Comparison between two months across total earnings / total deductions / net salary /any component Audit trail for any changes in formulae Audit trail for any change in grade sheet

13. Legal Requirements ESIC PF Professional Tax TDS

14. ESIC Rates for ESIC deduction and Employers contribution can be defined by the user The earnings components to be considered for calculation of ESIC can be defined by the user Applicability or otherwise for an employee can be defined by the user Half yearly returns in form no 6 & 7 are printed Monthly ESIC Challan are printed

15. PF The following parameters are user definable hence any change in the law will not require any change in the software Applicability to an employee Rate for deduction Rate for contribution Definition for the basis of calculations

16. PF The following documents are printed Form No 5 Form No 10 Form No 3A Form No 6A Form No 12A Monthly Challan The PF contribution is automatically considered for rebate US 88 for TDS calculations VPF Can also be calculated

17. Professional Tax PTax tables can be defined for each state Each employee is allotted the required PTax code Monthly and yearly summaries are generated Ptax is considered for computation of Tds

18. TDS-1 Tds deduction can be automatic or manual The following figures are picked up from monthly payroll file for estimation TDS Monthly Earnings PF Ptax Tds deducted

19. TDS-2 The following additional components are to be entered for proper calculation of TDS Rent paid Perquisites Deductions under Chapter VI A Yearly earnings Income from other sources Investments for claiming rebates

20. TDS-3 The following reports are generated Tds estimation sheet Form 16 Form 12BA Form 24 with Annexure Estimation Register Investment Proof Letter Etds as per NSDL Format

21. Loan Accounting Any no of loan types can be defined interest charged can be tracked Automatic pasting of loan installments in monthly deduction Facility to alter installment amount Employee loan statement Loan details statements

22. Leave Accounting Any types of leaves can be defined Monthly update of leaves taken and credited Employee wise leave statement Leave detail statement

23. Reimbursement Any no of reimbursement code can be defined Monthly update of amount given against each reimbursement code Maintenance of Claims employee wise Employee wise reimbursement report Reimbursement wise detailed account Update for TDS Taxable and Tax free amount

24. Security Two levels of security � user and supervisor. Critical updates allowed only to supervisor Audit trail of changes in formulae and grades Locking of a particular month for any roll back Back up and restore with in the system