Payroll is the heftiest task for every HR. It is not only redundant but also inevitable. The calculations are complex but still need to be done no matter what. Payroll is like air for the company. When it is there, you may not feel its importance but as soon as something goes wrong, the whole company can feel the shake.

When it comes to processing the payroll wrong way, there are three major mistakes that we could spot. Here we explain why exactly they happen and how can they be prevented. So, let us start reading the blog together.

●Misclassification of employees: There are many things that can lead you to not classifying the employees correctly. Salary components like overtime, minimum wage, benefits, and bonus can confuse you at the time of classifying the employees i.e, making the pay groups. This ultimately leads to the case of overpayment or underpayment. Overpayment means the loss of the company and underpayment means your employee is going to be disgruntled with you for sure.

To get rid of the same, you can simply type on the search engine “Payroll software India”, check the results it shows and then select the best HR software. This will help you group the employees easily as a set format can be made in it and then it can do the work of grouping employees for you on its own through automation.

●Miscalculation of the salary payment: Needless to mention but the salary components are complex and many. They include deductions, PTO, benefits, bonuses, overtime, commission and dearness allowance and others. Even though fixed salary components do not pose much of a problem, the non-fixed components do. No matter how well versed you are as a payroll manager, you will still face a few hiccups almost everytime. To evade this situation and wasting your time, again and again, you can simply start using payroll software by searching for “Payroll software India” and then investing in the one that fits your requirements perfectly.

●Missing the deadlines: Following time while processing payroll is the key to winning half the battle. If you want to save yourself from all the legal trouble, you should start remembering the deadlines and also keep yourself updated with the changes so that you cannot be penalised. When you fail to stick to the schedules of the income tax department, you also end up breaking the trust of the employees and they start dropping their morale. But, let us be realistic, a human mind is already occupied with so many thoughts that it is easy for it to forget the dates. In such situations, the best solution is to get payroll software in India. Automation is the best solution for the companies to minimize the payroll mistakes.

So, make sure you read and abide to the three things told above. Let us know in the comments which mistake out of the three are you committing and how did our solution to the mistake help you.

This is very beneficial to me. I’m happy I came across this website. Thank you for sharing your knowledge with us; I still learn something new from your posts! It will give you a great idea about Payroll Software.
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Thank you so much for sharing this excellent information. I am glad to discover your post. It's helped me while I am processing Payroll.

Missing deadline is really a concern for every one.
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Hey, I am Vijay. I am new to this community. I'm a DME at Technology Counter. When I'm not working, I like to go on off roads, do adventure sports, and try new cuisines.

Currently working on best data management software & CRM tools. I find technology very intriguing and would love to share ideas to make this globe a better place to live.

So right now I just looking for some top forums & communities and I got this, even I'm looking for an intro thread and I'm stumbleupon here.

Thanks for creating this thread, it will be really helpful for newbies like me and happy to connect with you.

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