International Research Journal of Education and Technology

Payroll management process is very essential in any of the concern which consist of more than one employee. Moreover, it is a requirement for compliance with federal and state laws. Payroll management process refers to the administration of an employee’s financial records which includes the salaries, wages, bonuses, deductions and net pay. That record should be maintained for the federal requirements in future. In recent days there are various automated software’s are available to maintain the payroll management process it will reduce the manual work. The pay structure of a company depends on several factors such as labor market Conditions Company’s paying capacity and legal provisions. In India, different acts include different items under wages though all the Acts include basic wage and dearness allowance under the term wages. Under the workmen’s Pay Roll act, 1923 wages for leave period holiday pay, overtime pay, bonus, and good conduct bonus form part of wages. Under the payments of wages act, 1936, section 2(vi) any awards of settlement and production bonus, if paid constitute wages. Pay Roll offered by an organization can come both directly through base pay a variable pay and indirectly through benefits. Base pay: It is the basic Pay Roll an employee gets, usually as a wage or salary

Keywords: Salary, Administration, Payroll, Control.