Payroll management is not just computing Employee salaries & employee benefits as per their CTC, but involves efficient, accurate & timely management of variable data components, viz. applicable allowances, IT deductions, Leave, ESIC & PF Contributions, reimbursements of allowable expenses, LTA, Overtime, Performance Incentives, Bonus, etc., scrutiny of supporting bills & documents, to minimize contentious issues and enhance employee confidence.Pragnaa provides an efficient interface between HR & Accounts Managers of its Clients, through a User friendly automated payroll system,with seamless and time bound processing of data and documentation, thus significantly reducing man hours & workloads of both Sections, otherwise devoted for delivering this function, resulting in cost savings.
Customer can exercise the option to scale down one or more of the above features based on its HR policy. As an essential protocol, the salary statements and summary reports / statements generated are submitted to the designated officer of the Company, for scrutiny, reconciliation and formal approval, before final disbursement of salaries to the employees directly or through bank to respective salary accounts and submission of the returns to the appropriate statutory bodies.