What are the 9 Steps Involved in Calculating Payroll [2023]

What are the 9 Steps Involved in Calculating Payroll

1. Employee Onboarding

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2. Establishing Payroll Policies

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3. Acquisition of Inputs & Employee Data

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4. Data Verification

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5. Effective Payroll Calculation

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6. Salary Distribution

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7. Settlement of Statutory Obligations

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8. Distribution of Payslips

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9. Generation of Reports

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