As the Indian finance minister rolled out new alternate income tax slabs for fiscal year 2020-21, it has been a discussion among HR and payroll officials on how to manage the new scheme in their existing payroll software?
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This article explains the different types of payment modes for salary components in Runtime Payroll and how they are used for calculating payable salary.
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This articles describes various types of rate calculation options available for Salary Components in Runtime Payroll.
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Employee exit is a sensitive part of HR function and needs to be carefully and accurately executed.
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Runtime Payroll lets you run payroll selectively for one or more employees when there is no change in salary or attendance data for all employees.
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