A Complete Guide to Indian Payroll Management [2023-24]

Name: A Complete Guide to Indian Payroll Management [2023-24]
Rating: 4.3 (652 reviews)

[UPDATED] New Tax Regime 2023-24

Created byTanvi Agrawal

Last updated 6/2023

English

What you'll learn

Payroll Cycle
PF, Gratuity
LWF, ESI, EPFO
Gross Salary, Net Salary , CTC calculation
Salary components - DA, HRA, CCA, LTA
Code on Wages 2019
OSHWC 2019
NPS
Income Tax Calculation- New and Old Tax Regime
Exceptions under Income tax- Sec 10, Sec 16,Sec 17, 80C etc

Course content

12 sections • 31 lectures • 5h 48m total length

Introduction3:48
Here you will get an idea about what we are going to study in course "A complete guide to Indian Payroll Management". Also you will understand that whether this course is appropriate for you or not.
What is HRM and Payroll ?9:25
In this topic we will cover about HRM ( Human Resource Management) , its importance and where does Payroll stands.
Understanding Payroll Cycle6:53
We will study about the 3 parts of Payroll Cycle - Pre- Payroll , Processing Payroll and Post- Payroll.

Basic Pay and DA9:51
Salary Components - Basic Pay and Dearness Allowance
HRA and How to find net taxable HRA ?9:39
HRA - House Rent Allowance
CCA , Conveyance , Medical Allowances etc9:24
CCA (City Compensatory Allowance) , Conveyance Allowance, Medical Allowance, Retaining Allowance ,Washing Allowances / Telephone Allowances / Newspaper Allowances/ Cleaning Allowances are explained.
LTA and Leave Management4:48
LTA - Leave Travel Allowance

What is Gross or Earned Salary, In - hand or Net Salary6:17
Gross Salary = Basic Salary + Allowances
Net Salary = Gross Salary - Deductions
CTC - Cost To Company , Example 111:50
Here we will learn about CTC and how to calculate different salary components of a person with a particular CTC.
CTC with Real world Pay slip - Example 213:10
Again we have explained CTC with a more complicated Real life example.
Explanation on basic pay0:48

Casual Leave ( CL ) , PL or Earned Leave13:52
Basic concepts and details about CL and PL are explained here.
Sick Leave , Maternity and Paternity Leave , Sabbatical Leave9:11
Knowing details about various leaves helps us to take benefit of these leave in a better way.
Attendance Management3:31
A very important part of Payroll management which helps to keep a track on employees time-in , time-out and attendance.
QUIZ 1

LWF - Labour Welfare Fund9:51
LWF is a social security scheme launched in some states only. We will learn about LWF in this lecture.
ESI - Employee State Insurance8:10
A social security scheme launched by GOI for social protection of workers and their dependents.
EPFO - Employee Provident Fund Organization10:24
EPFO has 3 schemes under it- EPF scheme 1952 , Pension Scheme 1995 (EPS) , Insurance scheme 1976 (EDLI).
Professional Tax8:01
Professional Tax or P Tax is a state levied tax.

What is Income Tax , Old and New Tax Regime11:35
Here we will learn about Income tax , Old and New Tax Regimes and different Tax slabs under both Regime.
Exceptions under different section - Sec 87A, Sec 16, Sec 17, Sec 10 etc27:17
Various exemptions under Income Tax will help us understand that where we can invest money to save taxes. As an Payroll professional , we can guide our employees and help them save taxes.

What is TDS, Form 16, Form 26AS, Form 26Q25:13
Here you will learn detail about TDS and how to calculate TDS using Old and New Tax Regime.
Calculating TDS from Real Pay Slip - Example 2 and Example 319:19
In this lecture, TDS calculation using New Tax Regime is explained in detail on Real Life Pay slip.
Calculating TDS using Old Tax Regime - Example 417:26
In this lecture, TDS calculation using Old Tax Regime is explained in detail on Real Life Pay slip.

Requirements

No prior requirement

Description

Human resource is the real strength of any company. Success of the company depends on the contribution of its employees. Management of a company's human resource is an extremely important work. This course “A complete guide to Indian Payroll Management” is a one stop shop for everything you need to know about the Indian Payroll system. This course is for someone who is working in HR or wants to start a career in HR as Payroll managers. Also this course is for people who want to understand their pay slips in a better way.

This course will give you an overall picture of payroll and its management. Salary and its components are explained in detail. We have elaborated on Leave management, payment of bonus, overtime, ESI, EPF, Gratuity, Income tax, TDS, NPS, Code on wages and the occupational safety, health and working conditions code- 2019.

Also we have explained the course with real world pay slips so that once you step-in into any company, you won't face any issues.

We assure you that this course will not only clear all your doubts about payroll but also clear your basics so that you can seamlessly begin your HR journey.

You can comment down below for your queries. We would love to answer it. Also your suggestions are welcomed.

Who this course is for:

Wanting to start career as Payroll Managers, HR professionals, HR accountant
To learn a new skill - Payroll Management
Salaried employees - To understand own Pay slip in a better way
Anyone who wants to understand about Payroll and its management
Accounting students

A Complete Guide to Indian Payroll Management [2023-24]

What you'll learn

Explore related topics

Course content

Introduction3 lectures • 20min

How actual Pay slip looks like ?1 lecture • 15min

Salary Components4 lectures • 34min

Salary Concepts4 lectures • 32min

Leave and Attendance Management3 lectures • 27min

Bonus , Overtime , Arrear2 lectures • 22min

Statutory and Non- Statutory Components4 lectures • 36min

Gratuity and NPS2 lectures • 22min

Income Tax2 lectures • 39min

TDS3 lectures • 1hr 2min

Requirements

Description

Who this course is for: