Tally Solutions simplifies payroll management

Bengaluru : Tally Solutions, a leading business management software company, has announced a solution to simplify the complexities on payroll faced by the HR department of the organizations.

Tally?s ?Payroll module? is capable of hassle-free payroll processing and also manages the accounting processes. With the availability of the ?Trusted Remote facility? it is now easy to access, process, and manage the payroll information from anywhere and anytime in the world, claimed the company.

The Payroll module from Tally.ERP 9 doesn?t require any specialized IT/HR professionals to manage and deploy. Being a self-manageable and implementable solution, it can be installed deployed and managed by an accountant or any HR personnel of the company.

The payroll module provides flexibility to handle all complex payroll calculations like weekly, fortnightly, one-time, production based (e.g. piece rate) and time based (e.g. Overtime).

It also covers relevant statutory compliances like PF, ESI, PT, Gratuity, Bonus etc.

Hence it not only saves cost of hiring multiple resources to deploy and manage the software but also the expenditure incurred by way of paperwork involved.

?A business owner would like to be assured about the accuracy of payouts and meeting the statutory compliances.

In the upcoming release, Predefined Rules and Calculations set by Income Tax Department will be incorporated in the software.

For us this means Payroll and Income Tax is simplified,? said Shoaib Ahmed, President, Tally Solutions.

Generating MIS reports across branches such as Head Count, CTC, tracking leave, attendance Employee Loans and the requirements to calculate arrears with both prospective and retrospective effects for all employees or selected employees is handled with ease with the solution, said the company.