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PAYGENIE – MinVesta’s PAYROLL SOFTWARE MinVesta provides user friendly, dependable, cost effective payroll 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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