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Payroll Localization
Payroll Legislation
Overview
This training program provides a complete walkthrough of Payroll Legislation configuration and statutory payroll processing within the Onfinity System. The course covers both system-level configuration activities and employee-level statutory data updates, ensuring full compliance with Indian payroll laws. Participants will gain practical knowledge on configuring payroll components, statutory calculations, tax rules, and executing payroll to generate accurate statutory results.
Course Objectives
By the end of this course, learners will be able to:
- Understand the significance of payroll legislation in India, including tax compliance and employee benefits
- Identify and configure major statutory payroll elements such as PF, ESI, Professional Tax, and Income Tax/TDS
- Set up payroll computation rules using components, balances, formulas, and tax configurations
- Configure legislative parameters to ensure automated and accurate salary processing
- Enter and validate employee-level information related to statutory compliance
- Execute payroll and review statutory results, balances, and reports.
Course Content
Introduction to Payroll Legislation
- Importance of Indian payroll compliance
- Statutory wage structure and tax rules overview
Payroll Configuration Process Flow
- Understanding the complete setup sequence
- Configuration dependencies and system design
Configuration Screens
- Input Value Setup
- Component Classification
- Balance Dimension Master
- Balance Definition
- Component Definition
- Component Link
- Table Structure & Table Values
- Tax Setup
- Database Functions
- Static DB Items
- Formula Master
- Formula Result
Employee-Level Statutory Setup
- Employee Personal Information
- Employee Work Information – Payroll Component Tagging
- Statutory Information – PF, ESI, PAN, UAN details
- Employee Dependent Information – exemption eligibility
Payroll Execution
- Running payroll using configured components and formulas
- Reviewing payroll calculation results
- Understanding balance accumulation and YTD impacts
Compliance Output
- Validation checks and Statutory deductions review