Overtime, Comp Off & Extra Duty
Manage
Overtime
& Compensations
Manage additional receivables.
Calculate Overtime Payout
Reporting managers can easily track their employee overtimes and the system will flag the employees whenever the overtime quota is breached as per compliances. You can also allot compensatory offs to the employees who work on holidays or choose to pay them as per extra duty hours.
Compensatory Off Management
Automated TDS
Automated Tax
Deduction System
Automate TDS computation.
TDS Chart
Declare tax saving investments which can be approved by HR and further be used to calculate TDS as per the selected regime for monthly deductions. You can also add manual TDS on a monthly basis which can be triggered into the payroll as per offline calculations if you wish to not automate TDS computation.
Loans, Advances, Mediclaims
Administer Loans
& Mediclaim
Manage & Track EMI’s
Manage Employee Mediclaim
You can also record employee mediclaims which can be divided within employee and employer and deductions can be carried out in automated EMI’s. Employees can apply for loans and advances in the system and a repayment chart which automatically triggers into the payroll can be derived.
Payroll & payslip
Payroll & Payslip
Generation
Process Payroll, Generate Payslips.
One of the critical features of HRMS software is its comprehensive payroll management capabilities. HRMS software can automate the process of calculating and generating paychecks, saving time and reducing errors. It can provide you with valuable insights into your payroll data. The payroll module handles salary calculation, tax deductions, and generating payslips. EVE ensures accurate and timely payroll processing while complying with legal and regulatory requirements. This eliminates manual errors, saves time, and ensures precise and compliant salary disbursements.
Generate Payroll
Approve Payslips
Resignation
StreamlineResignation
Management
Initiate E-Seperation.
An Employee initiates the resignation process by submitting a resignation request through the EVE. The request is routed to the respective manager and HR for approval.
Apply Resignation
EVE provides a comprehensive offboarding process to ensure that departing employees leave on good terms while protecting company assets and knowledge. The offboarding feature includes automated workflows for asset return, access revocation, Full and final Settlement, Gratuity computation and knowledge transfer. With our system, HR teams can efficiently manage the offboarding process, maintain positive relationships with departing employees, and safeguard company interests.
Gratuity & FNF
Compute Gratuity &
Full & Final Settlement
Handle gratuity, process FNF.
Calculate Gratuity For Eligible Employees
Process FNF
EVE calculates the employee's final dues, including salary for the notice period, unused leave, Travel allowances, reimbursements, bonus if applicable and deductions such as tax, loans, or advances are also calculated based on the company's policies. EVE generates a Full and Final settlement statement, providing a detailed breakup of the final settlement amount which is then processed for payment to the employee, within the stipulated time frame/TaT.
Frequently Asked Questions
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How does EVE handle overtime and compensatory off?
EVE can track overtime hours worked by employees and automatically calculate compensatory off or overtime pay based on company policies and regulations
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How does the EVE handle overtime calculations?
The HRMS calculates overtime based on predefined rules and rates set by the Admin/HR.
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Can EVE automatically calculate and deduct taxes?
Yes, our automated TDS module can automate tax calculations and deductions based on applicable tax laws and employee declarations as per their tax saving investments.
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How does EVE manage employee loans and advances?
EVE allows employees to request loans and advances, which are then processed and deducted from future payrolls.