What is the Advanced Payroll Addon?
The Advanced Payroll Addon is a functional expansion module for the ecosystem that automates complex financial calculations. It transforms manual data entry into an automated workflow by integrating Biometric Attendance, Tax Compliance, and Payroll Advance logic. This module eliminates 100% of manual calculation risks in monthly salary generation.
How does a Payroll Advance function in Trusted HRM?
A Payroll Advance functions by allowing employees to access earned wages before the scheduled payday through a five-step automated cycle.
- Request: Employees submit requests via the PWA Mobile Interface.
- Approval: Administrators review the request against the Company Advance Policy.
- Disbursement: The system processes the funds instantly to the employee.
- Auto-Deduction: The payroll engine subtracts the advance from the next net salary.
- Audit Trail: The digital ledger records the transaction for transparency.
How does the system automate salary deductions?
Trusted HRM automates salary deductions by applying Pre-Tax and Post-Tax rules to the gross earnings. According to PwC’s 2024 Global Payroll Survey, automation reduces payroll error rates by 35% compared to manual systems.
- Configure Rules: Set fixed amounts, variable limits, or percentages.
- Assign Schedules: Map deductions to monthly, weekly, or daily cycles.
- Identify Mismatches: The system flags discrepancies between basic pay and total salary.
- Force Generate: The software auto-fills unpaid days during bulk salary creation.
Does Trusted HRM calculate overtime automatically?
Yes, Trusted HRM calculates overtime automatically by syncing real-time attendance logs with standard shift parameters. The system identifies hours worked beyond the shift limit and applies fixed or percentage-based rates to the basic salary.
- Hours Tracking: Overtime is derived from ZKTeco or Anviz device logs.
- Rate Application: Administrators set overtime types for daily or weekly periods.
- Salary Integration: Overtime pay appears as a distinct line item on the Pay Slip.
How do tax slabs and compliance rules work?
Tax slabs work by categorizing employee income into defined ranges with specific percentage rates.
- Income Ranges: Define taxable boundaries and validity dates.
- Rebate Slabs: Configure tax reductions based on Age and Gender criteria.
- Net Calculation: The system determines tax after subtracting Pre-Tax deductions.
- Document Generation: Every cycle produces a compliant Tax Slip for the employee.
Comparison: Basic Payroll vs. Advanced Payroll Addon
|
Feature |
Basic Payroll |
Advanced Payroll Addon |
|
Attendance Sync |
Manual Entry |
100% Automated |
|
Tax Compliance |
Not Included |
Custom Tax Slabs & Rebates |
|
Deduction Types |
Fixed Only |
Pre-Tax & Post-Tax Rules |
|
Payslip Documents |
Single Format |
Dual Slips (Pay & Tax) |
|
Overtime Logic |
Manual |
Automatic Hour Calculation |
Why upgrade to the Advanced Payroll Addon today?
Upgrading to Advanced Payroll provides total control over growing teams by removing the “Time-Per-Employee” burden from HR.
- Save Time: Automate Pay Slip and Tax Slip generation instantly.
- Ensure Accuracy: Utilize Mismatch Flags to spot gross salary errors.
- Improve Morale: Offer Payroll Advances with 0% repayment friction.
- Maintain Compliance: Update tax rules to match local legal requirements.
