Payroll & Indian Statutory Compliance
Vritti automates monthly salary processing by integrating daily attendance summaries, leave loss-of-pay (LOP) deductions, overtime additions, and Indian statutory compliance rules.Salary Structure Templates
Salary structures define how an employee’s gross monthly pay is broken down into earnings and deductions.Default Earnings Components
- Basic Salary: Typically 50% of gross salary.
- House Rent Allowance (HRA): 20% of basic salary.
- Dearness Allowance (DA): 10% of basic salary.
- Special Allowance: Remaining balance of gross salary.
Default Statutory Deductions
- Employees’ Provident Fund (EPF): 12% deduction on basic salary.
- Employees’ State Insurance (ESI): 0.75% deduction on gross salary (applicable for gross salary under ₹21,000/month).
- Professional Tax (PT): State-level slab deduction (standard: ₹200/month).
- Tax Deducted at Source (TDS): Income tax deduction based on tax regime declaration.
Executing a Monthly Payroll Run
- Navigate to Payroll > Process Payroll in Vritti Console.
- Select the target Pay Period (Month & Year).
- Click Initiate Payroll Run.
- Vritti automatically imports attendance data, calculates LOP deductions, computes net pay, and displays a review summary.
- Audit the calculated payslips for accuracy.
- Click Finalize Payroll.
Issuing & Distributing Payslips
Once payroll is finalized:- Payslips are instantly published to the Vritti People app for employees to view and download as PDF files.
- Automated email or messaging notifications can be dispatched to employees.
- Administrators can download bulk monthly payslip packages or salary bank transfer sheets (Excel/CSV).