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PAYGENIE – MinVesta’s PAYROLL SOFTWARE MinVesta provides user friendly, dependable, cost effective payroll software and offers the option to hire resource from us to work on the software. Flexibility is the key, whether the requirement is simple payroll software or a complete solution by integrating other systems in HR domain namely Employee Self Service, HRIS etc.
PayGenie-Payroll Software offers a number of features to organizations in modules such as:
- Standard / Flexible Payroll Module.
- Reimbursement Module.
- Loan Module.
- Basic Employee Info.
MinVesta’s Payroll Software-PayGenie has been built in a modular structure to offer maximum flexibility and options to our customer.
The various features of PayGenie are:
Salient Features
- Complete Payroll Solution.
- Highly Customizable.
- User friendly.
- In-built Backup and Restoration of Data.
- Windows Interface.
- Flexible Report writer.
- Powerful Security levels.
- Import & Export of Data from Other Systems.
Standard Features
- Multi Company Payroll.
- Multi Pay group Processing.
- Multiple Divisions/ Branches/ Depts./ Grades etc.
- Standard Statutory Reports.
Advanced Features
- Unlimited Conditions with formula for individual salary component.
- Provision to view all information through ‘Information at a Glance.
- Option to furnish Previous Employer IT details.
- Pay group wise Processing .
- Processing New joinee Arrears, Arrears, Salary and Income Tax together.
- Processing Salary and Non-Salary individually.
- Option to provide Salary Adjustments.
- Reimbursement Management System.
- Loan Management System.
- Special Functions in Formulas and Conditions Builder.
- Option to send Pay slips through email (To be modified for New Database Structure).
- Settlement process with taxable and non-taxable gratuity.
Salary Components
- User definable Deductions like PT, PF, ESI with/without formulas and conditions.
- User definable Reimbursements.
- User definable Supporting components like BASIC RATE, DA RATE with/without formulas and conditions.
- Formula and Condition builder for Earnings, Deductions and Others.
- User definable Investments/Savings (LIC, UTI, ICICI) and set the Qualifying and Deductible amounts/percentages for the same.
- User definable leaves like CL, SL and Encashable Leaves like PL.
- Multiple Loan definitions like Flat/ Diminishing/ EMI Loans.
- Formulas for Encashable Leaves with Leave Carry Forward Option.
Income Tax
- Defining Income Tax section percentages :
Section 80G, 80GG, 80L, 80CCC, 80D, 80DD, 80DDB (For Chapter VI-A) and 88, 88A, 89 (For Chapter VIII)
- Changing percentages of "LESS/DEDUCTIONS" part in Form16.
- User definable settings for "Standard Deduction Slab" and "Income Tax Slab".
- Option to define “Special IT exemption for women”.
Reports
- User Designable Pay Slips with Employee & Employer Side Contributions option.
- User Designable Reports and Statements through Document Designer .
- Branch wise / Division wise / Department wise / Employee wise total cost summary.
- Generation of Common Government Statutory Reports like :
Form 6 - A, Form 5 – PF, Form 10, Form 12 – A, Form 5 – PT, Form 5 – A,Form 6, Form 16, Form 12-BA
- Generation of PF, PT, ESI and TDS Reports.
- Generation of General Reports like Bank Statements, Attendance, Leaves Details, Leaves encashment details and other income details.
- Reports can be printed in Graphic and Text mode.
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