Articles on: OneHash CRM | Human Resources

How to create a Payroll Period?

Payroll Period

A Payroll Period is a period for which Employees get paid for their occupation with the Company.

Payroll Period helps you define Salary Structures and Tax slabs applicable for the period, making it easier to manage changing laws.

In OneHash, you can configure the Payroll Period and define Tax Slabs.

In order to access Payroll Period, go to:

Home > Human Resources > Payroll > Payroll Period

1. How to create a Payroll Period

Go to: Payroll Period > New.
Enter Name.
Select Start Date and End Date of Payroll Period.

2. Features

Tax Salary Slabs
The most important feature in Payroll Period is Tax Salary Slabs under which you can create various tax slabs and tax rates for the employees. You can add multiple tax slabs for the Payroll Period depending on the tax regulations. Select the From Amount, To Amount and Percent Deduction for each slab.

Tax Slabs can also be applied based on certain properties of the employees such as date of birth or gender.

Additionally, Standard Tax Exemption Amount can be specified in the Payroll Period doctype.

Once the information is saved, you can also access Employee Tax Exemption Proof Submission and Employee Tax Exemption Declaration through the dashboard.

Note: Configuring Payroll Period is optional if you do not intend to use Flexible Benefits or Tax Slabs

2. Related Topics
Salary Component
Salary Structure
Income Tax Slab
Payroll Entry
Employee Tax Exemption Proof Submission
Employee Tax Exemption Declaration

Updated on: 28/03/2023

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