What type of Data is required to Process the Payroll every month?

Swathi101
Which Data is required to Process the Payroll every month?
Rahul Chhabra
Considering you have salary structures in place, you need the following input to process payroll:
1. Attendance of all employees
2. New joiner details and salary structure
3. Details of exits
4. Loans, advances, reimbursements and incentives if any
5. Any other variable pay or deductions
6. Tax declaration for tax calculations
7. Bank account details
Regards
Rahul
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