Our payroll software is compatible with all kind of biometric device, we will configure your existing biometric device to run with the software. System automatically calculates the overtime, early out, late coming, public holiday, leave parameters.
Allowance / Deduction
We have developed this feature as much configurable as possible. You can as many allowances or deduction as many you want. Fully configurable, set on which allowance is calculated, in rupees or percentage, allocation period and to whom to allocate.
One of the most important module of the system. Configure the system as per industry rules and regulation. These rules will be considered during the salary calculation. You can manage the rules by employee category and the effective date of it.
When a new employee join your industry you just have to fill up one form containing all required details to calculate the salary of that employee. You can set the opening balance of leave, PF also.
Leave Management & Allocation
You can create as many leave types as many you want. You can set a rules for each leave e.g. minimum leave employee can take, maximum leave employee can take, Leave allocation period, Maximum Leave can be carried forward.
Employee can apply for leave encashment against their leave balance. Our payroll system will automatically calculate and take care of the rules of the company for the encashment.
You can give increment to employee salary. MarkTeQ Payroll will manage the arrears and the respective taxation according to effective date of increment. This software will take care of all the allowance, deduction, and taxation as a part of arrears.
PF – ESIC – LWF – PT Deduction
This software will automatically deduct the PF, ESIC, LWF, and PT and maintain their account respectively. The deduction will base on the rules provided by the Payroll configuration. You can set the rules of this deduction as per employee category.
Most tough job for any accountant of industry is to maintain tax account of each employee. Our system will just keep you free from maintaining tax account of the employee. Income tax will be deducted from the employee salary as per respective salary slab of the employee after all deduction and income.
You can pre-set the bonus of the employee into system. The bonus will be automatically reflected into salary at provided month and year.
You can give an extra salary to adjust the salary or other purpose.
In case employee has taken a loan from third party bank, than you can manage the employee loan account into system and can deduct the installment from employee salary.