Configurable Salary Heads

Folklore Payroll lets you easily setup the salary structure as per your company norms without any compromises or trade-offs.

• Create unlimited number of salary components
• Define attributes for each components like carry forward to next month, show in payslip, taxable, tax category, etc.
• Various components can be setup that are relevant for your business but that need not appear in payslips.
• The values for the salary components can be:
  • manually entered by you
  • computed using a formula
  • slab based lookups
  • value lookups based on location, grade, department, employee type, etc.
  • complex computation through a Payroll Agent (e.g. income tax, loan deductions, reimbursements, FBP, etc.)