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Employee Salary Structure
Create a salary structure of an employee (i.e. sales executive, hr executive etc.)
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Variance Report in Payroll
What do you understand by Variance Report in payroll?
Vaibhav
- Jun 21st, 2012
Hi,
Variance Report is to know what is the difference between last month salary and the current month salary you can also check in that report all input which you have considered its captured or not? -
Provision for 13th salary
What is the journal entry at the end of the year for the 13th salary provision
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What is payroll card?
mohanparmar
- Aug 17th, 2010
Payroll cards are used for clocking in/out, determins the pay, weekly/monthly/fortnight pay.
dbmalipatil
- Mar 30th, 2008
A payroll card is a plastic card allowing an employee to access their pay by using a debit card. A payroll card can be more convenient than using a check casher, because it can be used at participatin...
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What is accrued-tax?
dbmalipatil
- Mar 30th, 2008
Tax accrued on the Income-To-Date or Year-To-Date (whichever applicable), but which is paid at the end of the Accounting Period
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What are payroll taxes?
yesvijay2004
- May 27th, 2008
Income TaxProfessional TaxFringe Benefit Tax for Non-payroll reimbursements.
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What is salary tds?
cabarani
- Jan 1st, 2010
Tax is deducted on Taxable salary?income paid?to employee. Meaning of salary vary depends on position occupied. Salary?excludes?Reimbursement of Expenses claim for? salary TDS. Eligiblility is determined after considering Basic Exemption Limit specified under?the Income tax Act.?
Shrigayathri
- Dec 16th, 2009
TDS means ' Tax deducted at source" therefore salary TDS is Income tax deducted at source.
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What is Payroll Disbursements Journal?
vsivaperumal
- Dec 17th, 2009
When Due:Salary A/c Dr 100To Deductions (Tds, Pf) Cr 10To Salary Payable A/c Cr 90When Making...
yesvijay2004
- Jun 13th, 2008
Payroll Disbursement Journals is the entry which to make towards the payment of netsalary / reimbursements / other income & against the deductions like IT / PT / Statutory & other Company Cost related with employee welfare
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Based on Internal Revenue Service rules, what criteria distinguish a consultant from an employee?
Marcus601
- Sep 15th, 2009
Do you have control of their time? Employee: In hiring a employee you control what will be done and how it will be done. ? Do they share the responsibilty for income taxes?Consultant: In hiring a ...
Rajuknr
- Mar 14th, 2007
Hi, A person must know the accounting principles and company management in account dept., how to tackle the situations in accounting criteria and full responsibility of company accounts.
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What is the job description of a payroll officer?
sathya.guru
- May 20th, 2009
It differs from company to company, If you are in In-house payroll, then a) Maintaining the attendance, b) CTC calculation for new joining, c) Investment details of employee All three things y...
yesvijay2004
- May 27th, 2008
1. Collection of attendance / collation of attendance 2. Scrutunizing the received attendance 3. Calculating the salary as per the attendance, based on LOP received 4. Once the Payroll Processing is o...
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How higher management in an organization gets benefited by payroll reports?
sathya.guru
- May 20th, 2009
It helps the management to find whether the human resources working in particular department is profit or loss to the organization based on the total salary paid for particular department.
sathya.guru
- May 27th, 2008
It gives information about Cost to compay employee wise, Head count of the Company, Amout paid to Government (PF, ESI, PT, Income tax, etc..), Average Salary paid to the candidate, Projection for next month payroll, New joinee details, Resignee details.
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What are Payroll source documents?
praneethreddy.p
- Oct 13th, 2008
The Payroll source documents are the employee Time Sheets (or equivalent) that record when the employee worked and generally what they did. These records are subject to audit by the Labor Department, ...
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What is Payroll Journal?
maaz01
- Sep 16th, 2008
A payroll journal is like a payroll register. It has salary, bonuses, commission in other words earnings, any deductions such as 401k, fsa etc, state and income taxes etc.It shows the gross salary less any deductions "Net pay" for the period.
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What is Payroll transaction?
yesvijay2004
- Jun 13th, 2008
Payroll Transaction is nothing but the calculation of salary for a month / week / day of an individual / group of employees depends upon the attendance / variable inputs / other benefits / salary component and generate the reports for IT / Statutory / PT payments.
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Income Tax Liability
If the declarations provided during the financial year and employee not provding the proof during the financial year ending- how should the tax liability be calculated. is it employer's duty to pay the enitre tax or the employer can issue the Form16 stating that tax is due?
chintamani
- Jun 2nd, 2008
If employee miss to submit the proofs to employer for his tax computation, employer will compute employees tax as per actual proofs.Employer will issue Form 16 to employee. This form 16 shows detailed...
chintamani
- Jun 2nd, 2008
Declarations would be considered to compute projected tax liability for the financial year. If the employee does not submit the hard copy's of proofs @ the year end tax would be computed on actual...
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What is Retropay?
chintamani
- Jun 2nd, 2008
Retro Pay means arrears amt will be paid in along with current salary.Eg.Salary is revised WEF 1st April 08 & payroll input received in May 08. In May payroll April salary would be paid as arrears. This is retro salary
abeny
- Dec 11th, 2007
Is a process that recaculates the amount to pay an employess in the current period to account for retrospective changes that occurred in previous payroll periods.
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What are payroll inputs? Does it changes from company to company?
chintamani
- Jun 2nd, 2008
Payroll input includes: Monthly,Qtrly,Yearly payments,adjustements, recoveries etc.Inputs can be received either from HR or finance or both.Current month New joinees, resignees recovery's etc.Yes, inputs changes company to company
sathya.guru
- May 17th, 2008
Pay roll inputs are normally change from company to compay,Normal inputs are follows,Information about candidate (Name, Father Name, Age, Sex, etc...)Salary StructurePhoto CopyEducation details
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What is Payroll Software?
sathya.guru
- May 27th, 2008
Calculating Salary based on the input provided (Income & Deduction) after considering all the Statutory Deduction like (PF, ESI, Income tax et.....)
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What are the activities present in payroll task?
dbmalipatil
- Mar 30th, 2008
1. Processing Payroll to generate Paycheck and Pay Stubs2. Generating Tax reports and vouchers using which Taxes are deposited to Govt (Employee Tax).3. Processing reports that are handed over to Acco...
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What are the benefits achieved by Payroll Giving?
pusp_dash
- Jan 20th, 2008
Payroll Giving enables employees to give to any UK charity straight from their gross salary (before tax is deducted), giving immediate tax relief of up to 40% on their donations
Payroll Interview Questions
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