Product Profile

1
Product Profile

• Developed by
• OPEL SYSTEMS and Consultants Pvt. Ltd.

2
Scope of the Product

• Modules
• Payroll
• PF
• ESIC
• Income Tax

3
PaySoft

• GUI based User friendly interface
• Reports grouped in the Print board
• Reduced monthly entries for processing

4
PaySoft supports...

• Multi-company
• Multi-location/site
• Multi-user
• Interface with TAR
• Interface with Accts. (EX-NGN , Baan)

5
Module Payroll
Now its easy and faster...

• Flexible Salary structure
• Create your own Earnings/Deductions/Perquisites
  as per company policy.
• Leave without Pay(LWP) is prorated
• Calculate salary on a monthly or as per a
  pre-determined basis
• Retrospective effect of earnings and deductions

6

• Leaves
• Configure new leaves as per company policy
• Carry forward and accumulate leaves across
  calendar year.
• Multiple loans and automatic creation of
  deduction heads
• Grade wise Earnings and Deductions
• Comprehensive coverage of Perquisites and
  notional earnings/perks.

7
Other highlights

• User defined Parameter setting for govt. rules
  and company policies like IT/PT/PF slabs,
  percentage for PF,Stand. Deduct.etc.
• All variable parameters can be changed by user

8
Other highlights

• Formulae configuration of company specific
  earnings (Production Incentive,OT allowances.. )
  and deductions( Late marks etc.)

9
Payroll Report list includes...

• Payslip
• Salary sheet
• Annual statement
• Dept. wise reports
• Cash/bank/DD statements
• Loan balance

• Bonus Provision
• Gratuity statement
• Perquisite Statement
• Attendance Statement
• Proff. Tax Statement

10
Provident Fund

• Report in time

Form 3A ..reports are printed in the final
form Print and Submitt
11
PF -For Exempted and Un-exempted organizations

• Includes statutory reports as required by
  Govt./Trust
• State wise PF reports
• Site wise PF summary
• PF structure can be changed dynamically
• Reconcilliation and dues statement
• Option for PF deduction for contract employees
• PF acounting for exempted establishements

12
PF reports include...

• Un-exempted Org.
• PF checklist
• PF statement
• Form 3A/6A/12A
• PF challan(including SBI format)
• Reconcilliation and dues as per challan and 12A

• Exempted Org.
• Form 5/10
• Form 6/4/7/8
• Accumulation statement for trust
• Monthly contribution statement

13
ESIC

• Statutory reports as per Govt. format is printed
  on determined frequency.
• Reports include Form-6 and form -7.
• Deductions are automatically calculated and
  effected every month.
• Half yearly reset of deductions sequence

14
Income Tax

• Your employees would smile...

15
Income tax modules

• Projection sheet on click of the button
• considers investments done and tax deducted till
  date.
• Projects tax liability considering investments
  and deductions.
• dynamic integration with Payroll
  earnings/deductions/perquisites

16
Highlights of IT module

• Form-16 - print on demand
• Employee wise projection sheet
• IT Form-24 for company as per statutory format
• IT rules can be changed dynamically
• Investment details are captured under the respt.
  Sections
• Detailed annexures for Form-16 are supported
• Projection of tax laibility
• Changes in investments have immediate reflection
  in Income tax deduction.

17
Income tax Report List includes

• Form - 16
• Form - 24
• Annexures for Form - 16
• Projection sheet for employees
• Other MIS reports

18
Thank you

• OPEL SYSTEMS Consultants Pvt. Ltd.
• Tel no. 569 3505/ 567 3681
• Email info_at_paysoft.net
• www.paysoft.net