FAQs for SaralPayroll

FAQs about SaralPayroll

WHAT IS SARAL PAYROLL ALL ABOUT?

It is an online payroll software specially designed for Indian Organizations which helps you to manage your payroll process, generate payslips, bank list and other MIS report at reduced time and energy at a very competitive price. It is hassle free and saves you dedicated resources to mange your payroll process. Being a cloud based payroll software, it can be managed from any where and any time from the web. .

SO, HOW DO I GET STARTED?

Very simple! Just go to "30 Days Money Back Guarantee " button on our website and sign up with us for free by filling up an easy short form.

DO I NEED TO INSTALL ANY PARTICULAR SOFTWARE IN MY SYSTEM TO GET ACTIVATED ?

Not at all! All you need to do is get online to start using our online SaralPayroll Software. Any desktop with Windows, MS Office connected with internet is fine.

IS IT DESKTOP BASED OR ONLINE?

It is online..completely cloud based..and can be used on any desktop as long as they are connected to internet.

WHAT HAPPENS DURING POWER SHORTAGE?

We are available online 24*7 supported by 100% power back up at all the time!

WHAT IF I GET STUCK SOMEWHERE ? DO YOU GIVE ANY SUPPORT?

Of course we are there for you….you can contact us with the details as given in our website.

HOW LONG WILL I CONTINUE TO GET FREE SUPPORT SERVICE FROM YOU?

Once you are registered with us, we will be there at all times with you…whenever you need us.However, free support is limited to 5 support tickets, after then it will be paid support.

DO I NEED TO KEEP BACK UP OF MY DATA, IN CASE OF ANY HACKING OR SERVER ERROR ETC ? DO YOU KEEP BACK UP OF DATA?

We have dedicated servers working for Saral payroll based in US, back up can be retrieved at any time. There is absolutely no requirement of users maintaining the back up. For hacking – we use top class secure firewall, plus we monitor our servers 24X7X365 days manually, so there is least possibility of us getting hacked!!

CAN OTHERS VIEW MY DATA?

Your data is confidential and safe from others, no one else can view your data. The programming of this online payroll application for India is such that the information of other account cannot be shared or viewed at all.

WHAT HAPPENS TO MY DATA WHEN I AM OFFLINE OR OUT OF BUSINESS?

In case of no activity in account for a continuous period of six months, the accounts are archived for another six months and then the data is permanently deleted.

Why is the price so low and how do you make profit out of it?

Our costs are low as we own a large cloud infrastructure and we are also a large software development firm. We pass on the cost savings to the customer.

Is my data secure from any unauthorized access both internally and from the outside world?

We have firewalls preventing access to the servers and data.

SaralPayroll is a web based system so, can I consider my database safe in your hands and will not be lost in any case?

We secure your data with https, SSL, night database backups and database replication. We also encourage that you download your database periodically.

How will you charge if an employee joins in the mid of a month? Will he be charged for the entire month or from next month?

We charge for a full month.

What is the response time of your support as in initial months we might require it a lot?

We are very responsive.

Your phone support is chargeable @Rs 480/hour. It is the phone support only that we will require maximum just after purchase for a couple of months. Can the phone support be free for initial 3 months?

We can work out a solution once you signup.

Can you provide a face to face training as my finance and HR team is not tech savvy?

We can, if you pay for the travel related costs.

Whats is PAN?

Permanent Account Number is an identification number given to an assessee by the Income Tax Department for the purpose of identification. PAN is unique comprising of 10 alpha numeric characters and has to be taken by every individual who is employed. This is a mandatory requirement before submitting the annual income statement to the Income Tax Department

What is form 16?

Form 16 is a certificate issued by the employer to their employees under section 203 of Income Tax Act for Tax deducted at Source (TDS) from the income chargeable under the head "Salaries". This is issued yearly and original form 16 is required to file individual Tax Returns.

How to calculate House Rent Allowance (HRA) and exemption?

Out of the House Rent Allowance or HRA received as a portion of salary during the year, lowest among the three following amounts is exempted from tax (or not considered for income) :

  • HRA allowance actually received
  • Rent paid –10% salary (Basic + DA forming part of salary + commission as a % of turnover)
  • 40% of salary (50% for Metro city)

Transport allowance / Conveyance Allowance exemption.

Transport allowance meant for travel from residence to the place of work is exempted up to Rs 800 per month.

Children Education Allowance exemption.

Exemption limit for Children Education Allowance is Rs 100 per child per month and for two children.

What are the different deductions as per Chapter VI A?

80D - For Medical Insurance : Deduction on premium paid, up to Rs. 15,000 for self (if age is less than 60 years) and Rs.20,000 if senior citizen.
80C – Amounts given towards LIC Premium, contribution for recognized, ESI, PF and Mutual funds subscriptions, Super annuation fund, etc. with a deduction to the extent of Rs. 1,00,000
80DD- Medical treatment for Handicapped Dependant: Deduction on medical treatment and maintenance of handicapped dependant up to Rs.50,000 for disability below 80% and Rs. 1,00,000 for disability above 80%
80DDB- Medical treatment for Specified Illness or Diseases: Deduction in case of medical treatment for specified illness or diseases. Deduction in case of medical treatment for specified illness/diseases is to an extent of Rs. 40,000 in the general category and Rs. 60,000 for senior citizen.
80E- Interest on Education Loan: When an employee is repaying interest on loan borrowed to pursue his or her own higher education, it is eligible for deduction. For such deduction, the limit is not specified.
80U- Permanent Physical Disability: Assessee certified by the medical authority to be a person with permanent physical disability is permitted for a deduction of Rs. 50,000, and if the assessee is certified as having severe permanent physical disability, then the deduction is Rs. 1,00,000.
80G- Donations: For deduction in respect of donations to funds like National Defence Fund, Prime Minister’s National Relief Fund, etc., the employee can claim the deduction while filing individual returns

What are the different deductions as per Section 80C?

Under this section, an employee is entitled to deductions for the amounts he has paid or deposited in the present financial year in the schemes given below, subject to an extent of Rs. 100,000/-.

  • Life Insurance Premium
  • Contributions for recognized Provident Fund / VPF / PPF
  • Contributions for approved Superannuation Fund.
  • Cumulative Time Deposit A/c with P O
  • Contribution for U L I P, 1971 of Unit Trust of India.
  • Contribution to U L I P of LIC Mutual Funds
  • Annuity with Insurance Company
  • Subscriptions to Mutual Fund
  • Subscription of National Savings Certificate and Interest accrued on the same
  • Repayment of Housing Loan principal
  • Infrastructure Bonds
  • Children tuition fees (education)
  • Term Deposits in Scheduled Bank for 5 years and more)
  • Investments of up to Rs.100,000 under the former section 80CCC

What is Flexipay or CTC?

Any amount spent by the company for the sake of its employee can be computed under Cost to Company. In addition to salary, CTC may consist of medical insurance, PF, accident policy, Gratuity, subsidized lunch or food, any attire or apparel or furnishing or shoe allowance provided (outside of office),etc. The CTC concept is being practiced in most of the big companies and MNC's where the employer fixes just the CTC / Cost to the company of the employee. The salary components are flexible and each employee can design his or her own pay. The Flexipay salary comprises of basic salary components plus reimbursements and employer's share to statutory contributions. Companies follow this to maximize employees tax benefit. In the point of view of the company, an employer can get to know the amount spent per employee in a financial year.

What is Reimbursement?

Reimbursement is the volume which is compensated only when stated. The declare can be done only after investing the quantity. Generally, workers are offered with some of the reimbursements like, Healthcare reimbursements, Phone invoice reimbursements, LTA etc., where they have to pay the quantity first and then it is refunded by the organization. The reimbursements offered for workers may differ from one organization to another.

What are the statutory salary deductions?

PF, PT, TDS and ESI are considered as Statutory Deductions that are to be deducted from salary.