What's New in Zoho Payroll [Indian Edition]: April 2020
Hi, users, We hope you are staying safe and healthy during this crisis. Now, more than ever, it is imperative that payrolls are processed and paid on time for all employees. We are constantly working to enhance our payroll application to make this easier. Here are the updates we've introduced for this month. Override loan repayment amount You can now skip or override your employees’ loan repayment amounts before processing payroll. To skip a loan repayment, enter 0 as the repayment amount. This option
What's New in Zoho Payroll [Indian Edition]: March 2020
Hello, users, This March, we're excited to let you know that one of the most awaited features, the Selective Payment of Employees, is now live. Learn how to make selective payments and read about all the other enhancements that we've made to Zoho Payroll this month. Pay your employees selectively Let’s consider a scenario. Nagma Balay runs an organisation with 50 employees, and payday is the 29th of every month. Out of these 50 employees, 12 of them need to be paid on the 15th of every month. With
What's New in Zoho Payroll [Indian Edition]: February 2020
Hello users, Here at Zoho Payroll, we are excited to bring you additional features this year to enhance your payroll experience. Read on to catch a glimpse of what February brought for Zoho Payroll, and let us know what you think in the comments below. Enable or disable EPS in salary details and templates An employer is required to contribute 8.33% of total PF wages towards the Employee Pension Scheme (EPS). According to the EPF law, it's not mandatory for employers to contribute to the EPS, and
What's New in Zoho Payroll [Indian Edition]: December 2019
Hello, everyone, We are excited to bring you all the new features and enhancements we've rolled out in Zoho Payroll last month. Here are the major updates: Edit or opt out of post-tax recurring deductions This feature enables you to skip or change the monthly post-tax recurring deduction (such as store bills, loans, etc.) for a particular employee. To do this: Go to the Pay Runs module on the left sidebar. Create a pay run for the payout month. Select the employee for whom you want to change the
What's New this November 2019 in Zoho Payroll - Indian Edition
Hello, users, We have rolled out new features and made some enhancements to Zoho Payroll in the past two months. Read on to know them in detail. Export termination payrolls If you have processed any termination payroll, you can now export it separately in CSV or XLS format. Also, you can view the termination payroll in the Payroll History and they are posted as separate journal entries in Zoho Books. Enable or disable ESS portal for employees in bulk You can now perform bulk operations like enabling
What's new in Zoho Payroll - Indian Edition
Hi! We have been making some changes to improve your Payroll experience. Here is a glimpse of the latest updates: Simplified employee data import We've now made it easier for you to import employee data into Zoho Payroll. The updated options allow you to add employee details, including basic, payment, and statutory details of your employees, as separate files. This will make the onboarding process simple and hassle-free when editing the existing data.
Payroll Updates from the Union Budget 2019
Dear customers, With the Union Budget 2019, the Government of India has introduced few changes pertaining to payroll. These changes are designed to reward the employees for their investments in housing and electric vehicles (EV). Let’s take a look at each of them. Tax deduction for affordable home buyers Previously, an individual who has taken a home loan can claim deduction for the interest portion of the EMI up to ₹2 lakh under Section 24. Now, the Government has provided an additional deduction
ESI rate has been reduced from 6.5% to 4%
Hello customers. The Government of India has decided to reduce the rate of ESI from 6.5% to 4% in which the employee's contribution has been reduced from 1.75% to 0.75% and the employer's contribution from 4.75% to 3.25%. ESI Contribution Old ESI Rate New ESI Rate (Effective from 1 July 2019) Employer's Contribution 4.75% 3.25% Employee's Contribution 1.75% 0.75% This new rate is coming into effect from July 1, 2019. That means, from 01 July 2019, employers and employees will pay a lower ESI
What's New in Zoho Payroll Indian Edition
Hello everyone! It's been three months since we released Zoho Payroll for India and we've been constantly enhancing our product based on your valuable feedback. Read on to know about all the latest changes we've made. ESI Included as a Part of Employees' CTC Employee State Insurance (ESI) has two components - employee's contribution and employer's contribution. You can now configure ESI in such a way that the employer's contribution is included in the Cost to Company (CTC) of your employees. To