thomas sabo charm carriers store Singapore Payroll Software System - Basic & Requirement thomas sabo earrings store

Payroll software thomas sabo charm carriers store is the one which computes the employee salaries every month. The employee may be paid by hourly rate / daily thomas sabo earrings store rate/ monthly fixed salary. The employee may have some additions and deductions in every month like overtime pay, daily allowances, advance payment, medical claim, special allowance, etc… And the employee unpaid leave, discount thomas sabo earrings lateness & early leaving pay needs to be deducted from his salary.

Every month thomas sabo earring the payroll software should able to generate the pay slip for the employees. And payroll software must have useful management reports like, Monthly Salary Summary Report, Overtime Payment Report, Taxation Report, Yearly Summary Report, and Monthly Reconciliation Report.

And different countries discount thomas sabo chains have their own computation for taxation thomas sabo charm carriers & provident funds. So the payroll system should comply with the local government regulation for salary calculation.

Payroll for Singapore:

Payroll in Singapore country should be complying with thomas sabo charms store Singapore government regulations as below.

CPF - CENTRAL PROVIDENT thomas sabo chain FUND: thomas sabo bracelets

An employee who is Singaporean / permanent resident of Singapore must contribute CPF to the CPF board. The CPF amount comprises of employer & employee contribution. There are different percentage of calculation thomas sabo earrings sale based on the employee thomas sabo charms cheap salary and age. The information can be thomas sabo charm carriers online found in cheap thomas sabo chains CPF BOARD website.

Ethnic Funds: (SINDA / CDAC / thomas sabo bracelets cheap MBMF / ECF):

Based on the employee thomas sabo pendants online ethnic group there is cheap thomas sabo charm carriers sale a need of ethnic fund cheap thomas sabo watches sale uk needs cheap thomas sabo earrings sale to be contributed by the employee. This contribution amount will be cheap thomas sabo rings sale uk deducted from the employee salary every thomas sabo necklaces sale month and this fund thomas sabo charms uk directly goes to the relevant ethnic group welfare. thomas sabo carriers sale The ethnic funds are SINDA (for Indians) thomas sabo bracelets online CDAC (for Chinese), MBMF (for Malays), Thomas Sabo Australia ECF (for Eurasians). The contribution amount will vary depends on the employee salary. The information can cheap thomas sabo charms uk be cheap thomas sabo necklaces sale uk found thomas sabo charm carriers uk at the relevant ethnic group web sites.

SDL- thomas sabo rings store (SKILL DEVELOPMENT LEVY):

This levy must be paid for all the employees working in cheap thomas sabo bracelets Singapore. Currently the SDL is 0.25% thomas sabo necklaces uk online for salary up to S$4500 (as of 2010). This amount must be thomas sabo necklaces cheap paid cheap thomas sabo chains uk by the employer to the SDL board. The SDL board uses this fund to thomas sabo charm carriers uk online provide subsidy for employees training programs thomas sabo rings online / upgrade skills, etc… Usually there are many training discount thomas sabo watches courses will be run by SDL approved vendors. thomas sabo chains online A company can able cheap thomas sabo bracelets sale to get cheap thomas sabo earrings up to thomas sabo carrier 90% subsidy from SDL board while the company thomas sabo chains cheap sends their employees for training.

FWL- (FOREIGN WORKERS Cheap Thomas Sabo sale LEVY):

This levy must be paid by employer for the foreign workers working in their company based on the worker skill level. Currently (as of cheap thomas sabo charm carriers 2010) LOW / MEDIUM /HIGH levels of levy need to be paid by the employer. The levy amount can cheap thomas sabo pendants uk be found from the FWL website.

Income Tax:

Based on the employee salary, income taxes are needed to be thomas sabo earrings uk online paid by the Cheap Thomas Sabo Australia employee. Thomas Sabo Australia online Currently Singapore income tax board makes mandatory condition cheap thomas sabo necklaces uk that the employer must thomas sabo necklaces uk store submit their employee's yearly thomas sabo pendant income details to the income tax board directly which is thomas sabo rings uk store called auto inclusion. There are various forms like thomas sabo charms uk store IR8A, IR21, thomas sabo pendants store IR8S, APPENDIX-A needs thomas sabo charm chains to be submitted based on the requirement.

National Service:

It is mandatory that the all eligible Singaporean & permanent resident must go for the national service on thomas sabo ring request. During the national service period the employee salary will be paid by the government (MINDEF - Ministry of cheap thomas sabo earrings uk Defense) and the relevant CPF must be paid by the employer.

Leaves - (Annual Leave, Medical Leave, Child care Leave, thomas sabo charm bracelet Maternity Leave):

There are cheap thomas sabo pendants sale certain types of leaves mandatorily provided as cheap thomas sabo earrings sale uk employee's benefit. Like annual leave (7 days), Medical Leave cheap thomas sabo charms sale uk (14 days), Child care Leave (6 days thomas sabo rings uk online for Singaporean discount thomas sabo rings & 2 days for thomas sabo charm pendants non Singaporean), Maternity leave (60 days)

Payroll Software for Singapore:

Payroll software suitable cheap thomas sabo bracelets uk for cheap thomas sabo charms sale Singapore thomas sabo watches uk should have all the above features built-in. In addition to that a good payroll software for Singapore should have the below additional features.

Remainders:

There are many foreigners working in Singapore. Those thomas sabo earrings uk store foreigners having work permit pass / employment thomas sabo rings cheap pass / professional pass. Usually this cheap thomas sabo pendants passes thomas sabo bracelets store is valid for certain years. thomas sabo pendants uk store So the payroll software should show the remainders when thomas sabo bracelets uk online it is due.

Online Bank GIRO:

For employee salaries Writing cheques / paying cash are very outdated. The Cheap Thomas Sabo Australia online payroll software should able to generate the interface file to the banks with Cheap Thomas Sabo Australia sale online their employees' salary details. Then the bank can directly credit their salaries thomas sabo carriers cheap to their account.

Multi Company:

There are companies having subsidiaries as well. So the payroll software should be capable to discount thomas sabo charm carriers create cheap thomas sabo pendants sale uk multiple companies thomas sabo chains uk store records in thomas sabo carriers online the system and the reports must be separated accordingly.

Concurrent Multi User cheap thomas sabo rings sale Access & User Rights:

Payroll is always in-charged by the HR department and there may cheap thomas sabo chains sale be more than one HR user accessing cheap thomas sabo bracelets sale uk the system. And company bosses also want to access the system directly without always depend on the HR executive reports. So the payroll software should have concurrent multi thomas sabo pendants uk accessing capabilities thomas sabo charm with different access rights.

Backup & Restore

Audit Trial - To monitor the changes done by other users

Reports like 1. Payroll Summary report, 2. Year to Date Summary Report, cheap thomas sabo chains sale uk 3. Overtime Summary Report, 4. Reconciliation / Salary comparison Report, 5. Allowance / Deduction Report, 6. Custom Report Writer to generate the reports needed by thomas sabo earrings cheap the thomas sabo chains uk online user.

Conclusion:

Singapore Government insists to have Thomas Sabo Australia cheap all kind of employee related thomas sabo charm carriers sale transaction like income tax, provident fund, ethnic cheap thomas sabo rings uk fund cheap thomas sabo carriers contribution, Skill Development Levy, thomas sabo rings uk Foreign Workers Levy, discount thomas sabo charms etc… via thomas sabo charm rings online rather than paper / manual. Also as per thomas sabo bracelets sale government law a thomas sabo charms online company should keep all those thomas sabo charms payroll records at thomas sabo rings sale least for 7 years for audit checking.

It is very difficult to do all those kind of calculation thomas sabo pendants sale & transaction by manual and keep all the papers. It becomes mandatory than important to have the payroll thomas sabo necklace software in any company for efficient & accurate payroll processing.