In the book GOAL, the author asked his readers what is your goal, with lot of brainstorming discussion & thoughts. The answer was MONEY.
For every employee in an organisation, with challenging career & loyalty comes employee’s salary / payroll compensation & benefits that He / She deserves.
Payroll primarily is designed with 3 KEY components keeping in mind.
1. Salary of the employees
2. Payroll statutory compliances state wise
3. Employees salary taxation