Payroll - How to define payroll?

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Payroll | Question 4 of 35

How to define payroll?

Total Answers and Comments: 3

Last Update: November 22, 2009 Asked by: Kapil

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Submitted by: chintamani

Payroll means processing a salary for salaried employee. There should be relation of "contract of service".

Above answer was rated as good by the following members:
monica ansal

May 19, 2008 00:33:36

prathaprajendran

Member Since: May 2008 Contribution: 1

RE: How to define payroll?

take care of deductions

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June 01, 2008 22:28:12

chintamani

Member Since: June 2008 Contribution: 7

RE: How to define payroll?

Payroll means processing a salary for salaried employee. There should be relation of "contract of service".

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1 0

Overall Rating: +1

November 20, 2009 09:27:50

vijay_babu64

Member Since: November 2009 Contribution: 1

RE: How to define payroll?

Payroll means maintaing records of employees. In/Out data updating. Processing Salaries statutory payments like PF ESI & TDS deductions and payments. Generate Payslips and distribution. In short "Maintaing Employees' Data Distributing Salries and making all statutory deductions & Payments is called Payroll Processing"

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