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What is payroll system ?

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Payroll Management System software is used by all modern organizations to keep track of employees of the organization who receives wages or salary. All different payment amounts are calculated by the payroll software and the record is maintained. The software keeps track of personal records of employees viz. name, address, date of birth, qualification, date of joining etc. It also keeps track of professional record viz. allowances, perks, income tax, insurance etc. Different reports, pay slips etc can be generated through this software.

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