Greytip helps netcontinuum to save time, effort and manage dataGreytip Software
With Greytip Online, the Payroll department at NetContinuum could process payslips in minimum time. With the employee portal, employees could access their pay data and see reimbursement balances, online, on-demand.
This webinar aims to teach participants about document management, issuing letters to employees, and uploading employee documents in HR software. It discusses storing employee data to keep records and ensure statutory compliance. The document outlines the types of documents that should be collected from employees like photos, certificates, bank details. It also explains how the HR software can help centralize documents, generate letters, publish forms, and track documents issued to employees.
This document discusses how to revise Form 24Q using the greytHR software. It provides a step-by-step guide: 1) Upload the consolidated TDS (CTDS) file, 2) Generate a correction statement listing changes, and 3) Generate the revised Form 24Q (FVU file) using greytHR. The revision is needed when there are additions or updates to details already accepted in the tax information network central system. The document also lists the different types of corrections that can be made, such as updating deductor details, challan details, or deductee details.
At Greytip, our customer service includes providing you a suite of self-help channels to lessen your dependency on customer support and increase your understanding of greytHR.
As a small business owner, you can now access tools that provide quick help and troubleshooting tips.
To learn more about these channels, we recommend you watch this presentation.
This Expert Series webinar presentation talks about the latest statutory changes in employment laws.
To know the statutory compliance for payroll, refer the link: https://www.greythr.com/complete-guide-statutory/
Get important insights about personal income tax and different tax regimes from our expert by clicking below to view the complete webinar recording. https://register.gotowebinar.com/recording/1177836845744105229
Listen to our expert and understand all about the economic benefits, concessions, and loans offered by the government to boost your business in times of distress.
Click below to get the complete recording of our expert series webinar. https://attendee.gotowebinar.com/recording/7576708646243569936
Greytip helps netcontinuum to save time, effort and manage dataGreytip Software
With Greytip Online, the Payroll department at NetContinuum could process payslips in minimum time. With the employee portal, employees could access their pay data and see reimbursement balances, online, on-demand.
This webinar aims to teach participants about document management, issuing letters to employees, and uploading employee documents in HR software. It discusses storing employee data to keep records and ensure statutory compliance. The document outlines the types of documents that should be collected from employees like photos, certificates, bank details. It also explains how the HR software can help centralize documents, generate letters, publish forms, and track documents issued to employees.
This document discusses how to revise Form 24Q using the greytHR software. It provides a step-by-step guide: 1) Upload the consolidated TDS (CTDS) file, 2) Generate a correction statement listing changes, and 3) Generate the revised Form 24Q (FVU file) using greytHR. The revision is needed when there are additions or updates to details already accepted in the tax information network central system. The document also lists the different types of corrections that can be made, such as updating deductor details, challan details, or deductee details.
At Greytip, our customer service includes providing you a suite of self-help channels to lessen your dependency on customer support and increase your understanding of greytHR.
As a small business owner, you can now access tools that provide quick help and troubleshooting tips.
To learn more about these channels, we recommend you watch this presentation.
This Expert Series webinar presentation talks about the latest statutory changes in employment laws.
To know the statutory compliance for payroll, refer the link: https://www.greythr.com/complete-guide-statutory/
Get important insights about personal income tax and different tax regimes from our expert by clicking below to view the complete webinar recording. https://register.gotowebinar.com/recording/1177836845744105229
Listen to our expert and understand all about the economic benefits, concessions, and loans offered by the government to boost your business in times of distress.
Click below to get the complete recording of our expert series webinar. https://attendee.gotowebinar.com/recording/7576708646243569936
This document summarizes recent changes to Indian labor laws during the COVID-19 lockdown. It outlines that the employee PF contribution rate has been reduced to 10% for May-July 2020 to provide relief to employers. However, this does not apply to government organizations or establishments already eligible for the PMGKY benefit. The document also provides guidelines for the PMGKY scheme, noting it is for organizations with under 100 employees and PF wages below Rs. 15,000 for 90% of employees. Additionally, it mentions announcements regarding ESIC voluntary coverage for small businesses and waived penalties for late annual returns in Maharashtra below Rs. 1 lakh.
Legal Implication of Labour Laws due to COVID 19 and Interpretation thereofGreytip Software
The traders and Industry were expecting more packages from the Central Govt. to reduce the burden of employers. The applicability of several labour laws has been explained here.
The Importance of Organisational Effectiveness and Way ForwardGreytip Software
Having a hard time managing your organization's cash flow, revenue & salary payments amidst the pandemic?
Learn from our expert how to boost your organizational management by clicking below to view the complete recording of the webinar. https://bit.ly/3dAzFmX
How to Increase Productivity with Minimum Employees during COVID 19Greytip Software
To increase productivity with minimum employees during COVID-19, companies should:
1) Encourage transparent communication between employers and employees and optimize resources by rationalizing costs and acquiring new skills.
2) Apply lessons learned by adapting to the situation, addressing employee well-being, and offering reassurance while encouraging upskilling.
3) Adopt technology like secure data sharing systems and develop virtual team management skills.
PIVault - A secure way to manage your employee dataGreytip Software
As India adds over 40 million internet users every year, concerns regarding data privacy loom large.
UIDAI has made it mandatory for companies to store Aadhar numbers in centralised storage called Aadhar Data Vault.
Aadhar data vault applies to your company if you collect Aadhar details from your employees and store them on-premise in your database or spreadsheets.
This document provides instructions for generating Form 16 using the greytHR software. It discusses:
1) The prerequisites needed, including Form 16 Part A and B files and a digital signature token
2) The steps to generate Form 16, including uploading Part A and B files, verifying the files, and generating the final Form 16 document
3) Additional features of greytHR, such as automatically generating Annexure B, providing an additional verification form, and merging Part A and B files during signature.
This document provides instructions for collecting, submitting, verifying, and approving Proof of Investment (POI) documents through the Greytip payroll software. It outlines:
1) How administrators can release the POI process to employees and how employees can submit POI documents for approval. This involves uploading documents through an online employee portal.
2) The verification and approval process for administrators, which allows reviewing, accepting, rejecting, or overriding submitted documents and considering them for income tax calculations.
3) Additional options like reopening a submitted POI for changes or downloading Form 12BB for a user.
The steps are broken down in a step-by-step guide with screenshots for key processes like submission
The document discusses various tax saving investment options available under Section 80C of the Indian Income Tax Act. It provides details on popular instruments like Public Provident Fund (PPF), Equity Linked Saving Schemes (ELSS) Mutual Funds, Tax Saving Fixed Deposits, National Savings Scheme (NSC), and ULIP/LIC insurance plans. It compares these options on parameters like lock-in period, typical returns, taxation status, and suitability for different risk profiles. ELSS funds are highlighted as offering the lowest lock-in of 3 years, highest post-tax returns in the long run, and best taxation status among the different 80C investment avenues. The document concludes by providing tips on choosing
1) The document provides information on key provisions of Shops & Establishment Acts across various Indian states, including registration requirements, opening/closing hours, leave policies, holidays, overtime rules and penalties for non-compliance.
2) Key details covered include registration timelines, maximum daily/weekly work hours, requirements for breaks and holidays, entitlements to casual leave, sick leave and privilege leave, paid holiday rules, and overtime wage rates.
3) States have different rules for many provisions. For example, while most mandate 8-9 hours maximum daily work, a few allow up to 10.5 hours if total spread is not more than 12 hours. Overtime wage rates are usually double the ordinary rate.
If you hire any form of contract labour; security guards to house-keeping staff, Labour Law compliances apply to you, the principal employer. Are you compliant?
In this presentation, you’ll learn:
- How to gain complete visibility into contract labour management processes
- Importance of labour laws covered under the Contract Labour Act
- About the Compliance Checklist for the principal employer & contractor
- The dos and don’ts during inspection
This presentation talks about the Prevention Of Sexual Harassment Act (POSHA), and tells you as an employer what are the compliance you need to make sure, in-terms of forming an ICC or LCC etc.,
This presentation talks about the recent amendments in the Maternity Benefit Act and what are the various measures an organisation has to take, to be complied with the recent changes
This document summarizes new features in the greytHR payroll and HR management software. It includes:
1) A GPS-based attendance marking system that allows defining locations and radius for employees to mark attendance using a mobile app.
2) The ability to generate core HR letters like offer letters or experience letters for multiple employees at once by selecting a template and employees.
3) Additional state-specific compliance reports for shops and establishments acts in states like Haryana, Punjab, Kerala, Andhra Pradesh, Karnataka, and Uttar Pradesh.
This document discusses a complex process involving multiple steps. Several actions are taken and decisions made at different points along the way. The overall goal or outcome is not clearly defined due to the ambiguous and abstract nature of the content.
This document provides instructions for completing the year-end leave process in GreytHR. There are two methods for completing the year-end process - automatic or manual. The automatic process involves clearing pending leave applications, setting the holiday calendar for the new year, and allowing the system to perform the year-end activities on a set date. The manual process requires clearing pending applications, setting the new holiday calendar, changing the system leave year, completing the year-end activities manually, and manually granting leave for the new year. The document also provides steps for generating year-wise summary reports, changing leave year-end policies, and granting leave for the new year.
This document discusses the year-end leave process and provides steps for completing it automatically or manually in the greytHR system. The year-end process involves clearing pending leave applications, setting up the holiday calendar for the new year, completing leave encashments/carry forwards, and granting new leave allotments. It can be done automatically on a preset date or manually by an administrator. The document outlines the specific steps for both the automatic and manual methods of completing the year-end leave process in greytHR.
Adopt cashless processing- Payroll Processing and Statutory RemittancesGreytip Software
This webinar talks about cashless payroll processing https://www.greythr.com/complete-guide-payroll/ and statutory remittances using greytHR payroll software https://www.greythr.com/payroll-software/.
This document provides a summary of updates to the greytHR HR software, including the ability to:
1) Record arrears on flexible benefit plan components for both new and existing employees.
2) Upload employee documents in bulk and categorize them for storage.
3) Generate state/location-based statutory reports.
4) Easily create employee segments for segmentation and filtering.
5) Customize letter templates by choosing paper size and orientation.
6) Send mass SMS communications to employees.
7) Access a help desk function within the greytHR mobile app to track support tickets.
The Employee Provident fund is deducted from the Employee’s monthly salary. The employer also contributes to the PF fund. From 1st September 2014, the EPFO has revised the basic wage limit on which PF contribution will be done from Rs. 6500 to Rs. 15000. Employers have to revise the PF deductions from September 2014 onward for all employees whose basic salary is less than or equal to Rs. 15000.
Learn about the new guidelines for PF deductions and filing of the monthly returns with EPFO with the record of our training webinar.
Save time and manage your PF activities with minimal efforts using greytHR
The proof of investment (POI) feature allows employees to update the proof of investments done and makes the process of verifying proofs streamlined and smooth.
This document summarizes recent changes to Indian labor laws during the COVID-19 lockdown. It outlines that the employee PF contribution rate has been reduced to 10% for May-July 2020 to provide relief to employers. However, this does not apply to government organizations or establishments already eligible for the PMGKY benefit. The document also provides guidelines for the PMGKY scheme, noting it is for organizations with under 100 employees and PF wages below Rs. 15,000 for 90% of employees. Additionally, it mentions announcements regarding ESIC voluntary coverage for small businesses and waived penalties for late annual returns in Maharashtra below Rs. 1 lakh.
Legal Implication of Labour Laws due to COVID 19 and Interpretation thereofGreytip Software
The traders and Industry were expecting more packages from the Central Govt. to reduce the burden of employers. The applicability of several labour laws has been explained here.
The Importance of Organisational Effectiveness and Way ForwardGreytip Software
Having a hard time managing your organization's cash flow, revenue & salary payments amidst the pandemic?
Learn from our expert how to boost your organizational management by clicking below to view the complete recording of the webinar. https://bit.ly/3dAzFmX
How to Increase Productivity with Minimum Employees during COVID 19Greytip Software
To increase productivity with minimum employees during COVID-19, companies should:
1) Encourage transparent communication between employers and employees and optimize resources by rationalizing costs and acquiring new skills.
2) Apply lessons learned by adapting to the situation, addressing employee well-being, and offering reassurance while encouraging upskilling.
3) Adopt technology like secure data sharing systems and develop virtual team management skills.
PIVault - A secure way to manage your employee dataGreytip Software
As India adds over 40 million internet users every year, concerns regarding data privacy loom large.
UIDAI has made it mandatory for companies to store Aadhar numbers in centralised storage called Aadhar Data Vault.
Aadhar data vault applies to your company if you collect Aadhar details from your employees and store them on-premise in your database or spreadsheets.
This document provides instructions for generating Form 16 using the greytHR software. It discusses:
1) The prerequisites needed, including Form 16 Part A and B files and a digital signature token
2) The steps to generate Form 16, including uploading Part A and B files, verifying the files, and generating the final Form 16 document
3) Additional features of greytHR, such as automatically generating Annexure B, providing an additional verification form, and merging Part A and B files during signature.
This document provides instructions for collecting, submitting, verifying, and approving Proof of Investment (POI) documents through the Greytip payroll software. It outlines:
1) How administrators can release the POI process to employees and how employees can submit POI documents for approval. This involves uploading documents through an online employee portal.
2) The verification and approval process for administrators, which allows reviewing, accepting, rejecting, or overriding submitted documents and considering them for income tax calculations.
3) Additional options like reopening a submitted POI for changes or downloading Form 12BB for a user.
The steps are broken down in a step-by-step guide with screenshots for key processes like submission
The document discusses various tax saving investment options available under Section 80C of the Indian Income Tax Act. It provides details on popular instruments like Public Provident Fund (PPF), Equity Linked Saving Schemes (ELSS) Mutual Funds, Tax Saving Fixed Deposits, National Savings Scheme (NSC), and ULIP/LIC insurance plans. It compares these options on parameters like lock-in period, typical returns, taxation status, and suitability for different risk profiles. ELSS funds are highlighted as offering the lowest lock-in of 3 years, highest post-tax returns in the long run, and best taxation status among the different 80C investment avenues. The document concludes by providing tips on choosing
1) The document provides information on key provisions of Shops & Establishment Acts across various Indian states, including registration requirements, opening/closing hours, leave policies, holidays, overtime rules and penalties for non-compliance.
2) Key details covered include registration timelines, maximum daily/weekly work hours, requirements for breaks and holidays, entitlements to casual leave, sick leave and privilege leave, paid holiday rules, and overtime wage rates.
3) States have different rules for many provisions. For example, while most mandate 8-9 hours maximum daily work, a few allow up to 10.5 hours if total spread is not more than 12 hours. Overtime wage rates are usually double the ordinary rate.
If you hire any form of contract labour; security guards to house-keeping staff, Labour Law compliances apply to you, the principal employer. Are you compliant?
In this presentation, you’ll learn:
- How to gain complete visibility into contract labour management processes
- Importance of labour laws covered under the Contract Labour Act
- About the Compliance Checklist for the principal employer & contractor
- The dos and don’ts during inspection
This presentation talks about the Prevention Of Sexual Harassment Act (POSHA), and tells you as an employer what are the compliance you need to make sure, in-terms of forming an ICC or LCC etc.,
This presentation talks about the recent amendments in the Maternity Benefit Act and what are the various measures an organisation has to take, to be complied with the recent changes
This document summarizes new features in the greytHR payroll and HR management software. It includes:
1) A GPS-based attendance marking system that allows defining locations and radius for employees to mark attendance using a mobile app.
2) The ability to generate core HR letters like offer letters or experience letters for multiple employees at once by selecting a template and employees.
3) Additional state-specific compliance reports for shops and establishments acts in states like Haryana, Punjab, Kerala, Andhra Pradesh, Karnataka, and Uttar Pradesh.
This document discusses a complex process involving multiple steps. Several actions are taken and decisions made at different points along the way. The overall goal or outcome is not clearly defined due to the ambiguous and abstract nature of the content.
This document provides instructions for completing the year-end leave process in GreytHR. There are two methods for completing the year-end process - automatic or manual. The automatic process involves clearing pending leave applications, setting the holiday calendar for the new year, and allowing the system to perform the year-end activities on a set date. The manual process requires clearing pending applications, setting the new holiday calendar, changing the system leave year, completing the year-end activities manually, and manually granting leave for the new year. The document also provides steps for generating year-wise summary reports, changing leave year-end policies, and granting leave for the new year.
This document discusses the year-end leave process and provides steps for completing it automatically or manually in the greytHR system. The year-end process involves clearing pending leave applications, setting up the holiday calendar for the new year, completing leave encashments/carry forwards, and granting new leave allotments. It can be done automatically on a preset date or manually by an administrator. The document outlines the specific steps for both the automatic and manual methods of completing the year-end leave process in greytHR.
Adopt cashless processing- Payroll Processing and Statutory RemittancesGreytip Software
This webinar talks about cashless payroll processing https://www.greythr.com/complete-guide-payroll/ and statutory remittances using greytHR payroll software https://www.greythr.com/payroll-software/.
This document provides a summary of updates to the greytHR HR software, including the ability to:
1) Record arrears on flexible benefit plan components for both new and existing employees.
2) Upload employee documents in bulk and categorize them for storage.
3) Generate state/location-based statutory reports.
4) Easily create employee segments for segmentation and filtering.
5) Customize letter templates by choosing paper size and orientation.
6) Send mass SMS communications to employees.
7) Access a help desk function within the greytHR mobile app to track support tickets.
The Employee Provident fund is deducted from the Employee’s monthly salary. The employer also contributes to the PF fund. From 1st September 2014, the EPFO has revised the basic wage limit on which PF contribution will be done from Rs. 6500 to Rs. 15000. Employers have to revise the PF deductions from September 2014 onward for all employees whose basic salary is less than or equal to Rs. 15000.
Learn about the new guidelines for PF deductions and filing of the monthly returns with EPFO with the record of our training webinar.
Save time and manage your PF activities with minimal efforts using greytHR
The proof of investment (POI) feature allows employees to update the proof of investments done and makes the process of verifying proofs streamlined and smooth.
1. Payroll Processors move up on the Cloud
About Balakrishna and company
Balakrishna & Co Chartered Accountants Firm was established in
1988 at Bangalore, India. With a track record of over 25 years, the
firm is providing under one roof, services in the field of Accounting, Payroll, Statutory / Internal
Audit, Taxation, International Taxation, Company Law Matters and Management Consultancy,
matters relating to FEMA, Mergers and Acquisitions.
Challenges
Balakrishna and co is in the business of providing Payroll services to its clients with an On-Premise
based Payroll Software. Balakrishna & Co faced multiple challenges in providing these services to
their clients.
One of the first issues was on configurability. As they were servicing multiple clients the software
was not configurable to meet all these requirements. This led to difficulty in handling multiple
clients at the same time.
The support from the Software provider was not good. Even solving small queries took time. The
team was tasked with downloading and updating patches on the software.
Accessibility was also an issue. The On-Premise solution was not accessible to the team that was
mobile. Response time suffered and the team needed to visit the office to check and resolve
queries.
As the software was installed internally, Balakrishna & Co had to spend upfront capital on the
servers, software, and backup infrastructure. There was a recurring maintenance and people cost.
Being in a very price sensitive market, acquiring more clients, spending less capital and while
keeping costs low was not feasible. Effort was high, growth was low and profits were minimal.
2. Solution
In the year 2011 Greytip approached Balakrishna and Co with its Cloud based Hr and Payroll
Software - Greytip Online. Team members of Balakrishna and Co had already faced challenges with
a Payroll Software and were reluctant to try another system. But Greytip’s unique selling point of
Free trial and no risks involved concept convinced Balakrishna and Co to try the system. From then
there was no looking back.
Greytip provided hassle free implementation and set up the accounts for Balakrishna & Co to
process payroll for its clients. Using Greytip Online, Balakrishna & Co could now process their clients
payrolls even out of office. Queries are solved on time and even on holidays. Client access was
provided to the application which resulted in anytime-anywhere access to the software.
Features like online Reimbursements, IT Declarations, etc reduced the amount of work that the
team had to do. Trouble Ticket module ensured that employee queries were tracked and resolved.
Online Payslips and other useful features led to a drop of almost 50% traffic from employees
leading to a significant reduction in interaction activities.
Results
Since then Balakrishna and Co has scaled by 325% (from 4 to 17 clients) and added only two
additional people on the team.
“It’s fantastic. Earlier we were struggling to prepare payroll using other software. After we moved to
Greytip we are doing things with great ease. This is futuristic software, way
ahead of its competitors, having features such as leave management, online
helpdesk etc. We strongly recommend this software to every company. “ - CA Kumar Prasad,
Balakrishna and Co.