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Payroll
System
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MCS Payroll Package is one of our more successful
and popular products, used by many Multinational Software companies, BPO
Providers, Indian / Multinational Business Houses, Construction companies &
Dot Com / Marketing / Finance/ Manufacturing Companies. This versatile, user
friendly, package, offers user defined Earning / Deduction / Loan Heads &
Calculation Formulas / Tables. The package generates all the outputs &
statutory reports required by a payroll application. Every report gives the
user a choice of sort order, selection of State, Branch, Department, Category
etc. and other parameters to generate output as per requirement. Outputs can be
on Screen, Printer or HTML / CSV / Excel / Word / Text File. The package also
has a built-in facility to directly E Mail the Salary Slip etc. to the
Employees, Salary Statement etc. to Branches & Salary Disbursement Output
to Bank as per the format required by the Bank. Our 'open-minded' approach of
ensuring that the Package is totally adapted as per Customer's requirement,
helping to convert the existing data at the time of installation and providing
continuous after sales support & service, are the primary reasons of this
package being used by a wide spectrum of clientele for more than 22 years.
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| SALIENT FEATURES OF PAYROLL
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| 1.Earnings, Deductions & Loan Headings user defined &
as per requirement with options for
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| .Formulas / Calculation Tables
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| .Fixed / Variable Earnings & Deductions ( Maximum (40)
Earnings & Deductions variable) |
| .Taxable / Projection for IT Calculations
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| .Round-Off / Pro-Rata for Days Absent
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| .Employee Photo Can be Inserted
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| .Grouping for Salary Statement |
| .Interest Calculation for Loans |
| 2.User defined options for
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| .Employee Code
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| .Connecting Attendance machine
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| .Branch / Department / Grade
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| .Cost Code / Location / Category
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| .Designation / Reporting To
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| .Payment By [Bank]
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| .Outside Agencies [Insurance / Loan / Quarters / Canteen /
Credit Society]
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| .16 extra provisions for Additional Data
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| 3.Multiple Reprocessing for Entire Payroll / Selected
Employees Selected State / Branch / Category / Department
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| 4.Data for previous months can be Viewed / Directly changed
Option for Single Employee / Many Employees, For a Month / Multiple Months
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| Convenience
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| .Detailed comparison with previous month’s Payroll
[Reconciliation]
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| .Calculations of Earnings [HRA / CCA] & Deductions [Prof.
Tax] as per tables
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| .Automatic Loan Deductions and Interest Calculations
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| .Automatic updation of TDS as per I.T. computation
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| .Automatic updation of Loan & Medical Balances and making
variable headings [e.g. OT Hours, advances etc.] zero for next month's
processing
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| .Arrears Calculation & Salary Slip & Statement for
Arrears
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| .Bonus / Gratuity
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| Versatility |
| .User Defined Company Details
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| .Address, Phone, E Mail, Contact Person, IT Related Info. Etc.
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| .Link for Leave / Attendance
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| .Agency Details for Deductions Insurance Premium, Outside Loans
etc. |
| .Direct Loan Re-payments [Outside Payroll] |
| .E.M.I. / Interest Calculations for New Loan
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| .Details of contributions, Loan & Loan re-payment to Credit
Society
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| .E.M.I. / Interest Calculations for New Loan
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| .Direct Payments [Outside Payroll] Slip/Statement/Bank
Intimation Included for Income Tax Calculations easy Creation of Employee
master direct entry entirely separate module for faster & convenient entry
of new employees minimal data entry Initially all the relevant data of earning
and deduction can be then filled in as per user’s convenience. |
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