PayCalc is a comprehensive payroll module designed to manage the entire payroll function on the touch of a single command.

Features

• Definition of Earning/Deduction heads and Formulas is flexible
• Can link the formulas on any organizational level
• Can define advances and loans (Fixed EMI or Normal) (Interest calculated on Reducing balance)
• Calculation of EMI amount is fully automated
• Attendance data of an Employee can be mapped from any Attendance System and utilized to make the necessary salary adjustments
• All Government rules regarding Income Tax have been incorporated into the System. Any further amendments made can be incorporated into the System
• All the Salary Heads can be rounded to user-defined type (upper, lower, close, none)
• Payroll can run on any Organizational level like Category / Location / Company / Department and Division.