tricon pay wheel brochure-single pages · statutory reports such as pf, esi, pt, ... income tax...
TRANSCRIPT
PayWheel is simple and intuitive, yet a comprehensive Payroll
solution, which is well suited for regular Payroll activities.
It generates highly accurate results quickly, thus increasing
payroll processing productivity for all Payroll / Finance
personnel in an organization.
PayWheel has been developed after extensive research of the
Indian payroll market. The product addresses the demands
of a wide range of industry and business types with equal
effectiveness. It manages employees’ payroll, generates
Statutory Reports such as PF, ESI, PT, Income Tax Reports such
as Form 16 and 24Q, and it is also comprised of a Leave
Management workflow, which can be integrated with an existing
Biometric system. PayWheel makes payroll processing a hassle
free experience for users who can configure and implement it
without any prior training.
PayWheel is a fully web-based software that seamlessly
integrates all the payroll related activities within an
organization. It scales down the workload of administrators,
promotes confidentiality, produces error-free information
& reports, and accelerates the speed in accessing and executing
payroll related information.
Easy, simple yet advanced.PayWheel – Your Comprehensive Payroll Solution from Tricon Infotech.
Salient Features of PayWheel
Ease of Salary Setup
Salary Processing
• Customizable Salary Parameters
Customize all required salary parameters such as Basic
Pay, Dearness Allowance, House Rent Allowance,
variable components, food coupons, etc.
• Salary Setup (Employee-Wise/Grade-Wise)
Customization for salary setup, pertaining to
Individual Employees or a particular Employee Grade.
• Salary Revision History
Detailed reports of salary revision history for all the
employees, which can be reviewed any time.
• Salary Processing (Bank-Wise/ Employee-
Wise/Department-Wise)
Process salary for all employees or group wise on the
basis of various parameters.
• Salary Re-Processing
Re-process salary in case of any possible discrepancy
in the processed salary of an employee.
• Bonus, Incentive, Reimbursement
Detailed workflows for handling all requests and
approvals related to Bonus, Incentives and
Reimbursements.
• Bank Advice
Generation of Bank Advice, which can be availed in
both in PDF and MS-Excel format.
• Loan
Automate loan deduction during salary processing
with simple input of loan.
• Loss of Pay
Maintenance of a database for all LOP related details.
• Pay Slip Generation
Itemized Pay Slip feature including employee salary
breakup, abatement and Income Tax deductions.
Payroll
Leave Management
Attendance Integration
Bonus/Reimbursement/Incentive
Income Tax Form 16 & 24Q
Employee Self Service
PF, ESI and PT
HW EY EA LP
Income Tax Calculation and Investment
Declarations
Statutory Requirements & Reports
Leave Management
• Tax Structure can be easily defined and customized
as per IT Rules.
• Employees can declare their own investments online,
thus reducing time-consuming and redundant
paperwork.
• The IT calculation feature computes Income Tax every
month, based on different slabs.
• Income Tax deduction Challan can be easily captured
in PayWheel.
• A summary of IT calculations can be viewed as part
of Pay Slip.
• PayWheel allows definition of computation rules and
logic for both ESI and PF.
• PayWheel generates Income Tax related Statutory
Reports such as Form 16, Form 24Q, etc.
• Creation of other essential reports such as Pay Slips,
Pay-Registers, Employee Details Reports, Leave
Reports, etc., can be easily done by a click of a button.
• Configure customized leave types required by an
organization.
• Customize leave policies for different employment
levels
• View summary of leaves such as leave credit, leaves
taken, leave balance, etc.
• Managers can check Leave Details of their respective
team members without HR support.
• Loss of Pay leaves is configured for automatic
deduction in salary processing.
• An Attendance System coupled with Biometrics can
be integrated into PayWheel.
• Holiday list for a particular year can be setup and
modified during the year.
Employee Self Service
Role Based Security
• Online access to information such as Pay Slips,
reimbursements, leaves, etc. at any time, using
unique id and passwords.
• Faster response and better turn-around time for leave
applications/approval, investment declarations, etc.
• Automatic email alerts to employees, managers or
administrators on application, approval, etc.
PayWheel provides a multi-level, role-based access system
that is configurable by the administrator. Each user is
assigned to one or more roles, and each role is given access to
one or more features of PayWheel. In other words, you can
give users as much or as little access as is necessary to fulfill
their needs.
Once the role-based division of employees has been
established for your organization, the main administrative
actions are simplified into granting and revoking of users
into and out of roles via a user-friendly interface.
+91 80 4110 3512
(Fax) +91 80 4110 3503
(Mobile) +91 81475 87026
(Tel)
For more information on this
comprehensive payroll solution,
kindly contact us:
Why wait? Contact us now!
#5, AVS Compound, 4th Block, Koramangla, Bangalore, 560 034, India.
• One Click is All You Need
Process salaries for your entire workforce, generate
multitude of reports and lots more with just one click
of a mouse button.
• User Friendly
Payroll processing is so simple in PayWheel that anyone
can use it without any kind of formal training.
• 100% Precision
Payroll calculation with 100% precision guaranteed,
including statutory calculations such as PF, ESI and
Income Tax.
• No Recurring Costs
You only pay once for a Valid Lifetime License.
No more Monthly Recurring Costs.
• Complete Payroll Automation
PayWheel completely automates your Payroll process
thus increasing quality and productivity while reducing
errors and time consumption.
• Global Access
You can access PayWheel from anywhere, anytime
with the help of an Internet Connection.
• Your Data is in Your Control
PayWheel is installed on your server and all the data
stored is entirely yours to view and modify.
• Ease of Backup and Restore
PayWheel lets you create backups for your data with
the click of a single button, which you can later restore,
in case of data loss.
The PayWheel Advantage