TAXAJ

Payroll Management Certificate Course

Effective management of the human resources is important for the success of all organizations. The HR function is key to an organization as it enables the achievement of strategic goals. Certified HR Payroll Specialist (CHRPS) Course provides an understanding of basic Human Resource Management and prepares the candidates for HR professional roles in the global environment.

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What You'll Learn:

→ Tax Planning of Salaried Individual

→ Payroll Documents Preparation

→ Labour Laws in India

→ Payroll Management

certificate from taxaj

InDirect Tax Certification Course Highlights

Full Form Certificate in Payroll Management
 Course LevelCertification
Duration 5 to 10 Sessions
 EligibilityKnowledge of Labour Laws in India
 Admission ProcessBased on Merit
Average Course Fees INR 10,000 to INR 25,000
 Average SalaryINR 3-6 LPA
 Top Job PositionsPayroll Assistant, Human Resource Manager
 Top Recruiting AreasBanks, Accounting Firms, Secretarial Firms, Auditing Firms, Corporates, etc.

Who can do this Payroll Certification Course?

The beauty of the HR Payroll Training Course is that it is befitting for everyone interested in and already involved with the HR profession. This course will be most suitable for:

  • Finance, HR, and Payroll Executives
  • Job seekers looking to find employment in Payroll and Human resource department
  • HR Generalists
  • Employees who are working in the Payroll Department
  • HR generally wanting to improve their skill set to make their Resume/CV stronger
  • Existing employees looking for a better role to prove to their employers the value of their skills through this certification
  • Graduates looking for a Successful Career
  • Employees switching to HR Profession from any domain

Course Curriculum & Sessions

Session 1

Overview of Payroll Management

The Role of Payroll Department in an Organization

  • Payroll Management,
  • Introduction of HRM
  • HR Planning for "Payroll Budget", Compensation Management and Salary Administration
  • Employee Transfer and Promotions
  • Performance Appraisal and Increment Process.

      

Income Under The Head Salaries u/s 17(1) of Income Tax Act, 1961

  • Meaning of Salary, Wages, Annuity and Retirement benefits
  • Allowances and type of Allowances
  • Valuation of Perquisites and Taxability of Perquisites
  • Retirement benefits
  • Salary Components in terms of Fixed and Variable:
  • Setup Payroll Administration and Functions
  • Structure of cost to the company - CTC Annexure
  • Bonus Payment and Treatment of Bonus
  • Fee and Commission and Overtime Payment
  • Taxable and Non-Taxable Payments (Exempted)

      

Claim and Reimbursement Management

  • Claim Management Module,
  • Expense bills Submission
  • Medical Reimbursement, and Travel Reimbursement
  • Type of Reimbursements
  • Disbursement of Claim Reimbursement.

      

Attendance Management System and Resignation (Full and Final) of Exits

  • Time Management System
  • Leave Management System
  • Type of leaves, and Leave without Pay Calculation
  • Full and Final Settlement Input and Calculation
Session 2

Labour Law Statutory Compliances & Computation

This module will equip the candidate with knowledge of the Labour law Statutory Compliances. Become aware of Employee Provident fund, Employee state insurance, Labour welfare fund, and more. Know about the professional tax applicability and Tax deduction at the source

                          

       Employee Provident Fund - PF

  • What is a covered establishment?
  • Who will be covered by the Pension Scheme?
  • PF Wages, Contribution accounts and Rates
  • PF Deposit Date, KYC, and UAN Sewa
  • PF Forms, ECR, Filling, and Claim Settle

      

    Employee State Insurance - ESI

  • What is a covered establishment?
  • Existing Wage Limit, ESI Contribution rates, and Contribution Periods
  • ESI cards, Deposit dates, and Compliances.

      

    Professional Tax - PTAX (PT)

  • Professional tax applicability
  • Professional tax slab state-wise
  • Professional tax calculator
  • Professional tax payment & registration.

      

  • Tax Deduction at Source - TDS

  • What is Income-tax?
  • Income Tax Slabs and Income tax Computation
  • Marginal tax and computation
  • Last Date of TDS deposit and quarterly return
  • Income tax Annual return and TDS Certificate (Form 16)
  • Interest on late payment.
Session 3

Tax Saving Investment Deductions and Exemptions

This module offers knowledge about the Tax Saving investment to the candidate. Know the deduction under the Income Tax Act , Investment proofs examination under section 80C, and more. Gain knowledge about the LTA, HRA, Leave Encashment, and Deduction of Interest on Housing Loan u/s 24(b) of Income Tax Act, 1961

 

      Deduction (u/s 80C - u/s 80U) of Chapter VI-A of Income Tax Act, 1961

  • Deductions under section 80C,
  • Deductions under section 80D, 80E, 80U
  • Deductions under section 80DD, 80DDB, 80CCD2
  • Deductions under section 80G, 80GG, 80GGA,
  • Deductions under section 80TTA etc.

     

    Validation or Examination of Investment Proofs and Reimbursement Claims

  • Investment Proofs examination Under section 80C,
  • Investment proofs examination others,
  • Expense Bill examination of Reimbursements,
  • Limit of Deductions and max eligibility up to Pro Rata, Previous Employer Income.

     

    LTA, HRA, Leave Encashment, and Gratuity Exemption Calculations

  • Leave Travel Exemption,
  • House Rent allowance - HRA Exemption,
  • Leave Encashment Exemption,
  • Gratuity Exemption, Exemptions others.

     

    Deduction of Entertainment Allowance and Professional Tax:

  • Deduction of Entertainment Allowance
  • Entertainment Allowance is part of Tax Certificate,
  • Deduction of Employer Tax (Professional Tax)
  • Professional Tax is part of Tax Certificate
  • Other Income for Tax Deduction.

     

    Deduction of Interest on Housing Loan u/s 24(b) of Income Tax Act, 1961

  • Meaning of House Property
  • Essential conditions for taxing income under this head
  • Interest on borrowed capital, Standard deductions
  • Deductions from income from house Property [Sec.24]
  • Calculation format, and Examples
Session 4

Payroll Processing and Reports

This module will guide you through Payroll Processing methods. Learn to gather payroll inputs and set up employee information. Apply Compliances rule & Tax Rates and Determine Calculation & Deductions. Know about step-by-step verification and payroll checking. Gain knowledge about Management Information system and Prepare Statutory Reports PF, ESI, PT, ESI and TDS Form 24, Form 16, etc.

          

Gather Payroll Inputs, Setup Employees Information in Payroll System

  • The Features of Payroll Processing,
  • Employee Profile setup,
  • Update Payroll Changes,
  • Validation of Row data and Check Reference of Calculation flags

      

    Apply Compliances rule & Tax Rates and Determine Calculation & Deductions

  • Calculation variance Compliances, PF, ESI, P.TAX, LWF, TAX etc.
  • Tax Rate
  • Tax computation and One-time Tax on One-time Payment
  • Calculate Year to Date (YTD) of Payment and deduction
  • Deductions of Investment declared by Employee

      

    Verification and Payroll Checking Step by Step

  • Prepaying variance reports of Monthly Payroll Payout,
  • Transformation of Payroll inputs,
  • Attribution of head-count and cost payout,
  • Income Tax deduction and Variance of Income Tax deduction - TDS
  • To give maximum benefit to Employee on investment declaration,
  • Ensure Calculation of variance Compliances, PF, ESI, P.TAX, LWF, etc.

      

    Salary Register, Slips, Bank Transfer and Management Information System - MIS

  • Overview on salary Slip and Salary Register,
  • Management Information Reports - MIS, Variance of Payroll and Cost Center Reports
  • Bank Transfer to the Employee, Cost to Company Reports,
  • The payment released offline by Cheque.

      

    Prepare Statutory Reports PF, ESI, PT, ESI and TDS Form 24, Form 16 etc.

  • PF Contribution Reports,
  • ESI Contribution Reports,
  • Deduction Reports of Professional tax and Labour welfare fund,
  • Deduction Reports of Income Tax and Income Tax variance Sheet
  • Prepare Form 24Q - Quarterly salary TDS return
  • Prepare Form 16 & 12BA - TDS Certificate.
Session 5

Real Life Working on the Payroll Management of a Corporate

Session 6

Question & Answers Session followed by Certification

Benefits of the Course:

  • Training: Two-way Live Online Interactive Classroom Sessions (Morning or Evening)
  • Projects: Facility to undergo projects in GST, Advanced Excel, HR Payroll, and more
  • Internship: Internship Assistance to gain practical experience in the learning
  • Certification: Get Certification of Certified Business Accounting & Taxation Course from TAXAJ®, One of the Leading Financial Consulting Firm Globally.
  • Placement: 100% Placement Support for 1-Year post successful completion
  • E-Learning Access with Abundant Tools and Techniques, video content, assessments, and more

Trainer : FCA Abhilesh Jha

Qualification: He is a commerce graduate from Calcutta University with a Chartered Accountancy background from the Institute of Chartered Accountants of India.

Key Strength:

  • Indirect Taxation viz Service Tax, GST, DVAT, Customs, and excise, etc. 
  • Direct Taxation viz Income Tax, Wealth Tax, Capital Gains Tax, etc. 
  • He is having 8 years of experience including almost 4 years of consultancy In GST, FDI, Income Tax. 
  • He has worked into a number of domains such as Consultancy, Advisory, Litigation, and analysis in the field of direct & indirect taxation. 
  • He is currently working as CEO in TAXAJ located in Delhi NCR Region. 

Training Expertise:

  • Highly capable of providing strategic advisory, tax planning on GST, and other indirect taxation, compliance management, litigation operations, departmental representation, filing appeals, and several others 
  • Excelled at leading indirect tax planning, reporting, and compliance efforts for domestic & cross border operations; proficient in minimising company’s tax exposure while ensuring compliance with all applicable laws and regulations