Streamline your payroll services with PayWheel to ensure easy, efficient and accurate payroll management. PayWheel payroll software offers a comprehensive suite of HR tools for all your needs, from manager approvals to automated payslips.
Efficiently automate and streamline all administrative functions from payslips to manager approvals.
Establish roles, responsibilities, and workflows for HR, administrative staff, managers, and employees.
Our all-new, intuitive User Interface lets you access essential features and modules from a single dashboard.
PayWheel ensures legal compliance by managing statutory requirements like EPF, ESI, Professional Tax, TDS, and other benefits. PayWheel provides comprehensive payroll solutions, automating the tedious process of calculating, withholding, and reporting. It streamlines the entire payroll processing while reducing the risk of human errors in payroll management.
Gone are the days of manual excel calculations for payslip generation. PayWheel now offers automated payslip generation accessible to employees anytime, anywhere. Customize your payslip template with the essential information your employees need and let PayWheel generate payslips automatically.
"PayWheel works perfectly for our business. They offer a lot of interesting features, particularly their automated attendance and leave management system. They also offer an excellent customer service team that responds promptly to any inquiries or issues we may have with the software”
-Sakshi, HR Executive, Curega Healthcare
Manage your employee salaries effortlessly, including bonuses & appraisals while keeping track of all payroll changes. You can process the salaries of employees with bonuses separately, while others remain unaffected. Just enter the details of the bonuses and appraisals, and PayWheel will automatically update their revised salaries.
PayWheel simplifies the payroll processing by seamlessly integrating live biometrics. It integrates leave and attendance data to the payroll system and automates calculations for time off and loss of pay based on attendance records, ensuring a smooth and efficient payroll processing.
PayWheel identifies deductions and handles the advance and loan lifecycle. Streamline your loan management from policy setup and eligibility calculation to automatic EMI deductions and pending amount recovery, all in one place.
Batch Processing
PayWheel allows batch processing to simplify payroll processing. You can now group and process employee payments collectively according to your organizational structure to optimize both HR and financial workflow
ESOP Tracking
Simplify ESOP (Employee Stock Ownership Plan) administration. Track all ESOP details with PayWheel, including total options granted, exercised options, unvested options, and vesting timelines, all in one platform.
Allowance & Incentives
Compensate employees based on their performance standards. Define allowances and set target incentives and renewal bonuses. PayWheel automatically calculates revised incentives based on these parameters.
Variable Pay
PayWheel allows you to customize payroll with flexible variable pay options based on your company policy. Process variable pay by percentage or fixed value on a monthly, quarterly, or annual basis according to your requirements.
Salary Components
Categorize your employees by salary changes and payroll type, simplifying salary tracking. Assign salary structure according to your organization and configure multiple deduction components. PayWheel calculates the CTC automatically.
Opt-in for NPS
NPS (National Pension Scheme), a social security initiative by the Central Government is a contributory retirement saving. Through PayWheel, employees can opt for the NPS scheme, with contributions automatically deducted from their salary each month.
PayWheel has a simplified reimbursement system that allows employees to submit requests, and managers to view, verify and approve them. Track and manage all your reimbursement requests with PayWheel. Categorize them, store the associated bills, and process reimbursements in sync with payroll, or at any instance with just a few clicks.
Manage leave and attendance data efficiently with PayWheel. Streamline the entire process, from requesting leave to tracking attendance, all in one place. Approve or reject leave requests, review attendance records, and access employee data directly from the dashboard. Customize your leave policy with PayWheel to align with your organizational needs, including options for leave carryforward and encashment based on your specific criteria.
PayWheel offers the reverse CTC option, enabling you to modify the Cost to Company (CTC) without needing to restructure the entire salary setup. With PayWheel’s streamlined payroll solutions, you can easily add deduction components, increase specific components, and manage everything in one place.
PayWheel lets you set bonus amounts, arrears, and gratuities for specific employees. It also offers filtering options by department, financial year, and employees with applied incentives. This enables users to generate detailed reports based on specific criteria, enabling easy payroll processing.
This component is designed for employees on a contract basis within your organization. PayWheel allows you to establish the monthly wages separately based on their position and number of working days. Additionally, you can specify the payment mode, generate bank advice, download payslips and pay registers in bulk for streamlined payroll management.
PayWheel exit management allows employees or HR to initiate resignation as per the organizational policies. The requests are then sent to managers for approval, with all the details from resignation to the last working day. This includes final settlement specifics like recovery amounts and any outstanding dues. PayWheel’s exit interview feature captures HR feedback and reasons for leaving and helps to generate settlement slips and reports as well.
PayWheel enables employees to submit investment proofs for tax calculations, which HR can access and use for tax deductions. HR can directly download forms such as Form 16, Form 24Q, Form 12BA, Form 5A, and Form 5B directly from PayWheel. Additionally, PayWheel also provides options to manage ESI reports, and Professional Tax (PT), as well as IT projection reports. This streamlines the income tax process, ensuring accuracy, compliance, and efficiency for both employees and HR professionals.
Payroll software is a tool designed to handle the entire payroll calculations, deductions and disbursement of salary within an organization. Payroll software solutions like PayWheel, help organizations with end-to-end payroll management, time & attendance data, leaves, and expense management, among others.
Payroll software refers to cloud-based solutions that streamlines and automates the entire payroll processing, from attendance tracking to payroll calculations. It can help all organizations irrespective of their size to maintain compliance, employee records, establish a workflow and minimize human errors increasing the accuracy and efficiency of payroll management.
A reliable payroll management system like PayWheel can streamline the entire payroll processing for your organization. Some of the key benefits of a payroll software includes:
- Efficient and automated payroll processing
- Compliance to Government rules and labour laws
- Extensive reporting and audit trail
- Accurate expense management
- Secure and encrypted data access
- Reduction in human errors
While there are several things to look out for in payroll software, some of the most important features to look out for include:
Compliance with Indian Payroll Regulations: Automated tax calculations and deductions, such as EPF and ESI, among others, to ensure compliance with regulations.
Time and Attendance Tracking: Accurately record clock-in/out times, shift hours, and attendance records, and seamlessly integrate them with employee profiles.
Leaves & Holiday Management: Look for a payroll management system that can manage leave requests, balances, accruals, and holidays to streamline HR processes and ensure compliance with leave policies.
Robust Reporting and Analytics: Access to comprehensive reporting tools enables data analysis for informed decision-making regarding attendance, leaves, expenses, and payroll for HR professionals.
Data Security and Backup: Choose software with robust security features such as data encryption, user access controls, and regular backups to safeguard sensitive payroll information.
User-Friendly Interface: An intuitive interface, easy navigation, helps to enhance the user experience and ensure widespread adoption within the organization.
PayWheel provides a unified dashboard that integrates various essential functions, eliminating the need to switch between disconnected systems. PayWheel streamlines HR operations, ensuring smooth workflows for managers and employees alike. We prioritize user experience, have dedicated customer support, and have a user-centric design. Additionally, our platform offers a range of services within a single system, including:
- Payroll Management
- Automated CTC calculation
- Time and Attendance Tracking with Geolocation Services
- Leave and Holiday Management
- Employee Self-Service Features
- Statutory Compliance Management
- Expense Management System
- Data protection measures
