What's New in Zoho Payroll [Indian Edition]: March 2020

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 the new feature, she can now select these 12 employees in Zoho Payroll and pay them on the 15th while still paying the rest of her employees on the 29th.

To pay employees selectively:

  • Go to the Pay Runs module.
  • Click Create Pay Run. 
  • Once you’ve added information like the deductions, LOP details, etc., click Submit and Approve.
  • In the approved pay run, check the boxes next to the names of the employees you want to selectively pay. Ensure that these employees have the same payment mode.
  • Choose Initiate Payment for the selected employees with the Direct Deposit payment mode.

  • Choose Record Payment for the selected employees with the Cheque and Bank Transfer payment mode.

  • Select the payment date, and click Confirm.


Edit, enable, or disable prior payroll after organisation setup

If you are setting up Zoho Payroll for your organisation for the first time in the middle of a fiscal year, you might have to add prior payroll data for accurate tax calculations. With the latest enhancements done to prior payroll settings you can now:

  • Enable the option to include prior payroll.
  • Edit the prior payroll data to make any necessary changes.
  • Disable prior payroll if you don't want to include it for tax calculations. 

Refer to our help document to learn more about how to edit, enable, or disable prior payroll.


Changes to statutory component calculations (PF, ESI, EDLI, and admin charges)

An employer's contribution towards PF includes the Employee Pension Scheme (EPS), Employees Deposit Linked Insurance scheme (EDLI), and EPF Admin charges. Now, you can include all these components as well as Employee State Insurance (ESI) as a part of an employee's CTC.
In regard to statutory components, you can now include all salary components (except HRA) for PF wage calculation if the calculated PF wage is less than ₹15,000. This selective inclusion will benefit employees by maximizing their statutory component contribution and increasing their take-home retirement fund.

 

And that's all for March! Let us know your thoughts on these features in the comments section. You can always reach out to us at support@zohopayroll.com when you need help. Keep watching this space for more updates. 


Sincerely,
Supriya

The Zoho Payroll Team


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