Travel Allowance is not subject to EPF and SOCSO. 4.3 (6442) QuickBooks Online is a small business accounting software and app that allows you to manage your business anywhere, anytime. Sample payslip Calculation Basic SalaryĪllowance without EPF = Travel Allowance + Overtime = 500.57 * Allowance without SOCSO / PCB are optional fields. There are some allowance like travelling allowance and Overtime that do not attract EPF.īonus is set separately because PCB calculations for Bonus is different form normal allowances.Īllowance that does not draw SOCSO, like travelling allowance.Īllowance that does not draw PCB, like travelling allowance. of Children and EPF rate will be set to default values and can be changed as required. IC and other information can used to create payslip when the calculations are exported to Excel. The only information needed is basic salary and the default values.Īll other fields are optional, but staff number is useful for sorting. To Start Click Add, input the basic information and Save. Salary Calculator Instructions Add Employee This is the official alternate procedure provided by LHDN to companies who do not use payroll software or E-PCB. This is because the YTD values are not taken into account in calculating the PCB. These values will differ from calculations provided by the online LHDN PCB calculator. Please note that the PCB calculations are based on using the MTD Schedule table provided by LHDN for manual PCB calculation. The Excel export feature allows the user to export the data and edit it in Excel for further processing. Due to the simplicity and the minimal functionality of this software advanced features to customise allowances and deductions are not available here.Īt the minimum this software can be used to accurately calculate the government statutory calculations which have been thoroughly verified. The EPF, SOCSO, EIS and PCB values have been verified to maker sure that there are no errors. This software has been tested against the commercial version of the software to make sure that all the calculations are correct. If upgrading from previous version, please copy and replace paycalc.fdb with file from the previous version. No database drivers needed.ĭownload “Pa圜alc Version 5 Rev 8.1” Pa圜alc22.zip – Downloaded 946 times – 4.44 MB No Time limit on software and is free to be used as long as needed.Calculation details can be exported to Excel for further calculations and reports.This can be used to verify or modify these calculations as needed. Provides details on values used to calculate EPF, SOCSO, EIS and PCB.Provides Net salary after deducting statutory deductions. Calculations will show separate values for Bonus PCB and EPF. EIS – Employment Insurance System (SIP).SOCSO – Social Security Organisation (PERKESO).Accurate Government Statutory Calculations for : You may begin using the payroll application at any time during the year.Can include IC and other information to submit statutory documents. Latest version with Overtime Total field and 9% EPF Tasks should be made simpler by payroll systems so that employees may manage complicated rules, payroll flows, and checklists with ease and continue to adhere to tax laws and other financial restrictions.Download Free Salary Calculator (NEW) Free Payroll Software features. In order to manage and automate payments to workers of all types (including paid and hourly employees, temporary and gig workers, and others), at various locations throughout the world, payroll systems for companies must be dependable, simple to configure, and flexible enough. The software is normally accessible by employees, who may update their data, payment preferences, and other specifics. What Makes Marg Payroll Software The Best?įor employees to receive accurate, timely remuneration in the right way, the payroll management system connects with other critical company systems (such as direct deposit, check, or payment card). Also, Marg is considered as one of the best Payroll software for small business in India. It is also equipped with leave & bonus management, user-wise access rights, automatic salary computation, an intimation of salary & attendance through SMS, salary slip over mail, etc. Marg Payroll Software is fully capable of managing all the systems like Human Resources, Payroll Management, Compliance Management, tracking relevant information related to employee’s compensation & wages, etc. Marg Payroll Software is capable enough to provide employees’ complete details on a single screen with few clicks, replacing the need to look into manual records. We have simplified the way your payroll should work. The best part is that all this happens through a very user-friendly interface & you never need to create a robust infrastructure or implement hi-fi technology. From bringing efficiency to performance & decision-making capabilities to productivity Marg Payroll Software brings a lot to you.
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