Everything that is involved within pay of employees is part of payroll system. It includes not only monthly or fixed pay but also the perks and other associated benefits which employer has agreed to pay. The other segment belongs to taxation which has colossal significance and ultimately the reason of tension of account departments. This system is meant to keep record of working hours of employees, the amount of salary, payable at the end of period and the amount of taxation either outstanding or withholding. Another segment which helps management… Read More