Payroll Software
evolve
Enterprise-wide solution for Finance, Inventory, Production Planning,
Sales/ Purchase Ordering systems and Payroll
- Can work of Local Network, Wide Area Network and even Web based (Internet enabled)
Vetan.Net
Web-Based Payroll and Income Tax solution
Payroll, PF, E.S.I.C., Income Tax Solution
Payroll and Income Tax system
Web Based ASP.Net Technology
The Payroll system is a milestone in payroll technology. It once-for-an-all frees you from the onus
of continuous in house programming and development. Payroll delivers at your doorstep an
integrated system capable of meeting all your needs. The Payroll system and tried and tested at
a large number of installations with core code in use since more than 10 years.
The reason for the power of Payroll is that that it has been implemented as a full- fledged
“Design-then-Run” (DTR) programming paradigm. This gives a user “total” customization power
to adapt the system as per ongoing changes and continuing changes. This ensures that your
payroll application is always with you, even as requirements vary and new unforeseen
requirements crop up.
DTR Programming paradigm explained below.
This technology is development of totally parameter driven systems. As a result the user has
total control over the system. If we explain the parameters those are required to be in
configurable forms in terms of payroll then these are explained as below.
Due to the DTR technology here are advantages, which you get as an end-user.
Ability to define unlimited pay-heads.
(Earnings, deductions and those kind of pay-heads which do not appear on your pay-slip but are
taken into consideration of payroll and income tax computation like Non standard payments,
lunch coupons, Bus allowance, DA points etc,). This flexibility is further, enhanced by giving user
freedom of defining formula and method of calculation and computation logic. Again the system
stores data in monthly manner which, means that pay-head altered or fresh definitions are
applicable from that month onwards which leaves all your past data and logic intact, which is very
much essential for backdated and arrears computation.
Ability to define unlimited tables.
These are professional tax tables, income tax tables, sales or incentive tables where a value is
derived based on slab.
Ability to define unlimited grades
Define any number of grade and grade specific heads which are directly dependent on grade.
Ability to define unlimited HR related fields.
This is an extended employee master, which may have additional information parameters like list
of dependents, PF No, Bank Account No, Department site, Blood group, Cell Number, Address
details, Nominee details, etc. These fields can be further defined to obtain reports like CTC
reports, Cost-center wise analysis, detail and summary reports tc.
Ability to define your own bonus computation system and arrears handling.
Arrears are a typical nightmare if the system isn’t flexible enough to handle it. It involves back
dated re-computation and differential values to be stored. Payroll seamlessly handles arrears
where one has to just enter the new basic from he month applicable it computes payroll on both
basics simultaneously once as per old basic and the other as per new basic and stores the
differential figures in the respective arrears head which are accumulated and paid in the month
when arrears is processed.
Ability to define unlimited leave and loan type of data.
This is for loan and leave records which form a part of payroll computation. One can define any
number of loan heads and have loan balance reports, leave balance reports which are required
for leave encashment and other settlements.
Income tax modules.
Here one can define unlimited investment heads like PPF, LIC, ULIP, Perks etc, and get the tax
liability on monthly basis. Here the DTR technology allows you to define your own sections which
form your form16 and other reports. Here the user has total flexibility in updating the income tax
parameters like yearly budgetary change in Income tax slabs, New investments schemes,
Standard deduction formulas, Interest on housing loans limits, etc.
Inbuilt report writers and form painters
The system has inbuilt report writers which allows to generate unlimited reports and forms which
are required in your payroll application. These reports writers are very handy when comes to
generation of MIS reports like control reports, comparison reports. Year to date summary reports,
registers, CTC reports, user defined pay-slips, projections reports, Investment data, etc.
All these flexibility is possible due to the way the system has been developed.
List of users.
SBICI, Mastek Limited, Reliance Capital, Reliance Asset Management, HDFC Mutual Fund,
Saraswat Co-operative Bank, Syntel India Limited, Marriot Hotels, Mafatlal Group of companies,
Accenture, Ernst and Young, SR Batliboi, Melstar Information Technologies Limited, IL&FS,
Voltas International, UTV, Financial Technologies, etc.
Price : Rs. 1 Lacs only plus taxes as applicable
Terms
50% advance with the purchase order.
50% on processing of first months payroll.