EazeWork launches Payroll Solution

Jan. 28, 2011 - PRLog -- With the launch of EazePayroll the company has now started providing its customers with complete HR and Payroll solutions. This application allows HR and Accounts team to run payroll inhouse while ensuring all regulatory and statutory requirements are met.

Features of the application are
- Expense reimbursement claims available as a separate module
- Completely customizable salary structure driven by templates
- All statutory and regulatory deductions like TDS, EPF, EPS, EDLI, VPF, ESI, LWF, Professional Tax etc can be managed
- Employee declarations on LTA, House Rent, Voluntary Provident Fund, Tax Savings, Other Income are all available through online forms
- Employees can download their salary slips and tax calculations from their own account
- Salary increments with past arrears can be managed
- Automatic increment letter generation and emailing
- Leave Without Pay deductions
- Full and Final settlement of resigned or retired employees including Gratuity, Leave encashment and other calculations
- Payroll can be run after excluding some employees

Various forms and challans which are available from the application for the purpose of filing are
1. Income Tax -
a.   Monthly TDS return through ITNS 281 Challan
b.   Quarterly / Annual TDS return
c.   Form 16, 12BA for employees

2. Provident Fund
a.   Monthly Form 2 for PF for new employees
b.   PF Form 5, Form 10, Monthly Combined Challan, Form 12A
c.   Form 3A and Form 6A for PF

3. ESI
a.   Form No. 7 ( ESI Regulation No. 32)
b.   Form No. 5 (Regulation 26, Half-yearly Return)
c.   Online Registration of employees (ESI Declaration Form-1-Regulation 11 & 12)
d.   Monthly ESI Challan
e.   Form No. 3 (Regulation 14)
f.   Form No. 01-A (Annual Return)

8.   Labor Welfare Fund related –
a.   Maintenance of statutory records and deposit of contribution under Delhi/Haryana Labour Welfare Fund Rules

9.   Bonus Act related
a.   Payment of Bonus to employees as per Bonus Act
b.   Maintaining of statutory records

Eazework also provides outsourced payroll services wherein the responsibility of running  payroll and filing all the returns is managed by them.

Visit http://www.eazework.com/apps/payroll/ for more details.

# # #

EazeWork is a Software as a Service (SaaS) company specializing is providing business software to Small and Medium Enterprises. EazeWork’s business applications provide companies with scalable and secure business solutions on a Web and mobile platform.