Payroll is the process by which employers pay an employee for the work they have done. Any business with employees should have a payroll established. Although, payroll seems like a mundane task, it involves many aspects including, withholding taxes from each paycheck and making sure accurate funds are paid to the correct government agency. At GB Training & Placement Centre, we provide best HR Payroll and MIS Training in Chandigarh.

Course content

PART – 1

HR LEGAL COMPLIANCE

EPF – The Employee’s Provident Funds and Miscellaneous Provisions Act, 1952

• Employer Applicability
• Employee Eligibility
• Employer and Employee Contribution
• EPF Calculation
• EPF FORMS
• EPF Online Process
• New Updates

ESI (Employee’s State Insurance) – The Employee’s State Insurance Act, 1948

• Employer Applicability
• Employee Eligibility
• Employer and Employee Contribution
• ESI Calculation
• ESI FORMS
• ESI Online Process
• New Updates

Gratuity (Central) Act – The Payment of Gratuity Act, 1972

• Employer Applicability
• Employee Eligibility
• Employer Contribution
• Gratuity Calculation
• Gratuity FORMS
• New Updates

Workmen Compensation Act

• Employer Applicability
• Employee Eligibility
• Concept of disablement
• Calculation of Compensation
• Procedure of payment
• Obligation on Employer/HR, Records to be maintained

Payment of Bonus Act

• Objectives
• Applicability
• Eligibility
• Calculation of Minimum Bonus
• Calculation of Maximum Bonus
• Registers & Records
• Return

Payment of Overtime Act

Equal Remuneration Act

LABOUR LAWS

The Factories Act, 1948

• Employer Applicability
• Employer Registration
• Provisions for Employee
• Obligation to Employer/HR
• Important forms/registers to be maintained

The Shops and Commercial Establishment Act, 1962

• Employer Applicability
• Employer Registration
• Provisions for Employee
• Obligation to Employer/HR
• Important forms/registers to be maintained

The Minimum Wages Act, 1948

• Employer Applicability
• Employee Eligibility
• Concept of minimum wages, fair wages, living wages
• Obligation to Employer/HR
• Disbursement of Minimum wages to Employees
• Arriving at monthly or daily minimum wages
• Important forms/registers to be maintained

The Payment of Wages Act, 1936

• Employer Applicability
• Employee Eligibility
• Provisions for Employee
• Important forms/registers to be maintained

PART – 2

Time Management

• Attendance Calculations
• Types of Leaves & Leave rules
• Duties & Responsibilities
• Attendance Master
• Leave marking & Leave Register
• Calculation of Overtime & Leave Encashment.

Payroll Management

• Payroll Processing
• Payroll Basics
• Types of Wages
• Types of Payment Mode
• Salary Structure Design/ The Pay Structure
• Salary Components: Basic, HRA, DA, Conveyance, Medical allowance, LTA, Lunch, Allowance etc.
• Salary Break up and Designing CTC
• Calculation of Gross , Net Salary & CTC
• Calculation of Overtime & Leave Encashment
• Discussion on Compensation and Benefits
• Preparation of Salary Sheet, Pay Slip, Full n Final Settlement
• Salary processing

Tax Planning for Salaried Employees

• PT Slab Rate
• Income Tax Slab Rate
• Tax Exemptions of various allowances
• Tax Deduction
• Rebate  U/S 87A
• Education Cess
• Routine Tax Planning (Investment Declaration Form)
• TDS Certificate (Form 16)