Payroll Interview Questions

Here 15 is percentage of total basic.

Number 15 is half of the month taken and generally a month is taken as 3o days

The pay check is particular name by check & the pay slip is the worker have earned the monthly salary for show the cashier & collect the cash

between payroll and payslip

no he is not eligible the eligibility criteria for gratuity is 5 years

If company is registered under gratuity act 1972 then formula is " last drawn basic salary*15/30 * no of years served....if its not registered then formula is " last drawn basic salary*15/26*no of yea...

Payroll taxes are separate from income taxes. It is collected through deductions are considered to be trust fund taxes, because employer holds the deducted money in trust for later remittance.

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?

Deductions in Tax, NI, Pensions which differ from the total.

Payroll is defined as its a remuneration given for work done by individuals on daily,monthly,weekly etc.....

Payroll is the financial record of employee salaries , wages , bonuses , net pay and deductions.

I am conform to you esi charge on amt & all details more........

PF,
ESI,
PT,
Loans,
EMI

The answer is 10 lacs is the maximum gratuity exemption for individuals who are eligible.

The tax exemption limit for Gratuity is Rs.10 Lacs in India.
Earlier the tax exemption was Rs.350000.

Regards,
Prachi

Provident Fund Payment from employ 2.5 and employer 2.5 on basic salary totally 5%

11% and 4%

With the computerised payroll systems, You saved a lot of your time, Your accuracy and efficiency is increased by many times. Your are free from small and small human mistakes in calculation and l...

-the user will save a lot of time w/ less effort in calculating

-efficiency and accuracy

-reduces burden of work

Hi it is right
Bonus Dr.
Bonus Payable Cr

or some companies don't pay bonus they pay it as incentive/Performance Bonus
Incentive/Performance Bonus Dr.
Incentive Payable/ Performance Bonus Payable Cr.

Regards
Puran Dangwal

cr.provision for bonus
dr.bonus
(one month salary pd as bonus)
*pls comment is it correct

Hi it works as under mentioned.
-the input (Attendance with new joinee,left) is received.
-On the base of the same is salary is processed and
Sent to the clients.


Regards
Puran Dangwal

An employe works his/her hours which are designated by the company, which in turn makes up your wages (Over-Time). Deductions are made accordingly and recorderd. Tax and NI are paid to HRMC, Monthly, Quarterly, End of year.

Wage Revisions as per wage policy every finanical year means April of the every year will revised.at the same time Basic is revised as per appointment order like we are given probation period to every...

Basic is revised as per appointment condition under the employer.
i.e. Six months to One year as per organisation rules.

From
Santosh
 

For making accounting entries the accounting dept will need the total transactions of the particular payroll run grouped into various expenditure/liability/Income items like salary,loans,ees pension,e...

Normally details about Earnings and deductions

Earning : Structure of Income
Deduction: PF, ESI, Income Tax, TDS, P Tax, Loans, Other advances if any

41 years and 6 months count as a 42 yeare

Contingent or temporary workers have little or no job security as their employment is based on a temporary
Contingent workers are not committed to the organization for a long run, as they know that they will be out of there in very short period of time

depends on whether the contingent worker is a employee or not, can be temporary employee.

If he is, then pay them through payroll, issue W-2, otherise, pay through A/P, issue 1099 if over $600 a yr.

Payroll cards are used for clocking in/out, determins the pay, weekly/monthly/fortnight pay.

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...

5 years in payroll, sole in charge, as well as a team member.

Deduction of tax to date.

Tax accrued on the Income-To-Date or Year-To-Date (whichever applicable), but which is paid at the end of the Accounting Period