Managing HR and payroll can be a complex task, especially in a city like Mumbai with its ever-growing workforce. Fortunately,HR and payroll software can streamline these processes, saving you time and money. But with so many options available, how do you choose the right software for your company?

This blog post explores 25 features essential for any HR and payroll software in Mumbai :

Payroll Processing:

Flexible Structure Building:
Easily add, modify, and define earnings and deductions for your employees.

Leave & Attendance Management:
Track attendance, leaves, and calculate salaries accordingly.

Loans & Advance Management:
Manage employee loans and advances, including EMI calculations and automatic recovery.

Payroll Processing
Process salaries, handle exceptions, and generate payslips for groups or individual employees.

Salary Reports
Generate payslips, salary sheets, bank transfer lists, and other reports.

Bank Transfer
Manage bank transfers electronically, including generating statements and covering letters.

Reimbursement Management
Manage various reimbursements with pre-defined limits and track balances.

Arrears Calculation
Calculate and pay arrears for any previous period.

Other Payments
Manage overtime, gratuity, bonus, and other supplementary payments.

Tax and Compliance:

PF Calculation & Reports
Automate PF calculations for employees and employers, generate forms, and handle challans.

ESIS Calculation & Reports
Automate ESIC calculations, generate forms, and manage challans.

Professional Tax
Manage professional tax calculations based on state slabs and generate forms.

Income Tax Management
Automate income tax calculations, TDS projections, generate forms, and file challans.

HR Management:

Full & Final Settlement
Calculate full and final settlements for departing employees, including outstanding loans, leave encashment, and gratuity.

User Defined Reports
Create custom reports with your preferred data fields and sorting options.

Reporting
Generate reports in various formats and preview them before printing.

Data Import
Easily import employee and payroll data from Excel sheets.

Additional Features:

HR Functions
Manage comprehensive employee data, including personal information, qualifications, experience, and more.

Reimbursement & Claim Management
Manage online claim submissions, approvals, and track balances.

Online TDS Declaration Management
Facilitate online submission of tax declarations and manage approvals.

User Rights
Set up user accounts and assign specific access levels for different functionalities.

Technical Features:

Software Architecture
Leverage a web-based system accessible from any device for authorized personnel.

Workflow Management
Manage announcements, documents, FAQs, and employee requests like leave applications and reimbursements.

Employee Self-Service Module
Empower employees with self-service access to payslips, salary records, and other documents.

Additional Modules
Integrate your HR and payroll software with accounting software and explore other add-on modules for further functionalities.

By considering these 25 features, you can choose an HRMS and payroll software that meets your specific needs and simplifies HR and payroll processes in your Mumbai-based company.