Payroll
Automated payroll processing with tax calculations and compliance handling.
About This Solution
Eliminate payroll errors and save hours of manual work. Our system calculates taxes, benefits, and deductions automatically while ensuring compliance.
Key Benefits
- Automated tax calculations and filings
- Multiple payroll schedules support
- Direct deposit and payslip generation
- Year-end compliance reporting
How ShopMart Retail Chain transformed with Payroll
The Challenge
A 400-employee retail chain with mostly hourly workers was running payroll manually using spreadsheets. Each pay period took 3 days to process with frequent errors in hour calculations. TDS deductions were often wrong, leading to compliance issues.
The Solution
MavIQ Payroll automated the entire process. Time tracking via biometric integration fed directly into payroll. Tax calculations were always current with regulatory updates. Employees accessed digital payslips through a mobile app, and compliance reports generated automatically.
The Results
Payroll fully automated in 2 weeks
- Payroll processing time: 3 days → 4 hours
- Calculation errors eliminated completely
- TDS compliance accuracy: 100%
- Employee self-service queries to HR reduced 75%
Ready to Get Started?
- 1Connect attendance systems
- 2Configure payroll rules and tax slabs
- 3Go live with first payroll run