The biggest strength of Octagon HRMS is its flexibility and ease to user define any type of salary structure. With user defined formulas and settings we guarantee that your requirements will be perfectly implemented. All these are calculated and the pay slip for that month is generated. The required data is generated based on selection criteria. Every month, Generate employee salary on a click of a Single button. With that single click, the software accurately computes salary for all employees including Statutory Deductions (PF/PT/ESI/TDS), loan deductions, stop payments, loss of pay, pro-rata salary, Income Tax or any other defined head of pay.
❖ Configurable and Unlimited Salary Structure Group.
❖ User defined Salary Component Heads
❖ User defined Salary Heads (Allowance & Deductions and Others)
❖ All the information for bank transfers is also recorded.
❖ Salary Increment with Increment History
❖ Details of Loans and advances can be maintained.
❖ Loan EMI auto adjusted with salary calculation
❖ Maintains Payroll History for each employees
❖ Sick and holiday on screen accumulators
❖ Pro-rata Calculation
❖ Single Click Salary Processing
❖ Block Employee Salary and re-process block salary
❖ Income tax Calculation based on average proposed or Proof based Investment declaration
❖ Pay slip Generation & auto emailing and SMS to Employee
❖ Employee Transfer, Promotions & Increments
❖ Full & Final Settlement
❖ Generates all statutory forms such as PF, ESIC & P. Tax Report, Form 3A, Form 5,Form 12, Form 6 and Form 16 etc.
❖ A configurable journal voucher generation tool enlists necessary details after filling the company ID, financial year, payroll month, payroll year, pay heads, costs, amount of vouchers that are credited and debited, etc. It has auto integration with ERP making it easy to use.