Payroll Changes as per Finance Bill 2023 Payroll Web
Following changes which affects Payroll Needs to be implemented Effective from 01JUL2023. Important Note: National Housing Development Levy Setup Rounding It is advisable to set Upward Rounding for National Housing Development Levy as mentioned in following screenshot 3. Click Add New Employee Settings In Paymaster we
Read More
Payroll Changes as per Finance Bill 2023 PayMaster 12.0 Desktop
Following changes which affects Payroll Needs to be implemented Effective from 01JUL2023. Important Note : National Housing Development Levy Setup Rounding It is advisable to set Upward Rounding for National Housing Development Levy as mentioned in following screenshot Employee Settings In Paymaster we have given an
Read More
Payroll Changes as per the Social Health Insurance Act, 2023 (Desktop Payroll)
Important Note: Steps; 3. Click NHIF Calculation and change NHIF Calculation method from slab wise to Percentage Based. 4. Update NHIF Calculation Percentage to 2.75, then change then NHIF calculated on to Gross. 5. Click Apply then OK.
Read More
Payroll Changes as per the Social Health Insurance Act, 2023 Web Payroll
Important Note: Steps; 1. Login into Paymaster with Administrative Rights 2. Click Setup >> Payroll >> Setup 3. Scroll Down to NHIF Calculation and change NHIF Calculation method from slab wise to Percentage Wise2. Click Setup >> Payroll >> Setup 4. Update NHIF Calculation Percentage to 2.75, then change NHIF calculated on to Gross. 5.
Read MoreNSSF Contribution Changes Effective from Feb-2024 web
Important Note: Steps: 1. Login into Paymaster with Administrative Rights 2. Click Setup >> Statutory >> NSSF Contribution 3. It will Display Current Year NSSF Contribution Record 4. Click on Year 2024-2024 5. On the screen which is displayed Set Lower Earning Limit to 7,000 and Upper Earning Limit to 36000
Read More
Affordable Housing Levy Activation – Desktop Payroll
With the implementation of Affordable Housing Act, 2024 (the Act), Note following changes which affects Payroll. Contributions: Affordable Housing Relief: Note: Effective Date of Affordable Housing Relief is still not notified through a Gazette Notice at the time of sending this email, we kindly request customers to check with
Read MoreNSSF Contribution Changes Effective from Feb-2024 Desktop
Important Note: Steps: 1. Login into Paymaster with Administrative Rights 2. Click >> Statutory >> NSSF Contributions 3. On the Screen which Opens, Click on EDIT and Select Year 2024 by Double Clicking on it 4. This will Load the Data on screen as mentioned below 5. Kindly make
Read More