- Gross Pay: The total amount an employee earns before any deductions, including base salary, hourly wages, overtime, bonuses, and allowances. [1, 2]

- Deductions: Amounts subtracted from gross pay, including statutory taxes (such as TDS or income tax) and social or retirement contributions (such as Provident Fund or ESI). [1, 2]

- Net Pay: The final "take-home" amount paid to the employee after all deductions are subtracted. [1, 2]

- Employer Contributions: Additional costs paid by the employer on behalf of the employee, such as social security or mandatory insurance funds. [1, 2]

The Payroll Process

- Data Collection: Gather attendance, leave records, tax declarations, and bank details. [1]

- Calculation: Determine gross earnings, apply deductions, and compute net pay using the standard formula: Net Salary = Gross Salary - Total Deductions. [1]

- Disbursement: Pay employees via direct bank transfer, check, or cash. [1, 2]

- Compliance & Reporting: Remit withheld taxes and statutory contributions to government authorities and file required

Pay: ₹18,000.00 - ₹23,000.00 per month

Perks

- Cell phone reimbursement

- Food provided

- Leave encashment

- Provident Fund

Work Location: In person

📌 Payroll Executive (Chennai)
🏢 Flyerssoft
📍 Chennai