What is Zoho Payroll?
Zoho Payroll is a cloud-based payroll management software designed to automate salary processing, ensure tax compliance, and simplify employee payments. It integrates with Zoho's ecosystem, including Zoho People and Zoho Books, to create a seamless HR and finance workflow. Zoho Payroll is ideal for businesses looking for an efficient, compliant, and user-friendly payroll solution.
Why Use Zoho Payroll?
Automated Salary Processing :
Calculates employee salaries, taxes, deductions, and benefits with minimal manual intervention.
Tax Compliance:
Ensures compliance with local tax laws and provides tools for easy tax filings and statutory reporting.
Seamless Integration:
Syncs with Zoho People for attendance and leave tracking and with Zoho Books for accounting, simplifying workflows.
Employee Self-Service:
Provides a portal where employees can access payslips, tax forms, and other payroll-related information.
Customizable Payroll Policies:
Allows businesses to define and manage salary structures, bonuses, and deductions according to organizational needs.
Secure and Scalable:
Offers bank-grade security for data and scales easily to accommodate growing teams
How does Zoho Payroll ensure compliance with local tax laws?
Automated Tax Calculations: Automatically calculates taxes, deductions, and contributions based on the latest local tax regulations.
Regular Updates: Keeps the platform updated with changes in tax laws and compliance requirements.
Built-in Compliance Features: Includes statutory components such as TDS, PF, ESI, and state-specific requirements (e.g., professional tax in India).
Pre-configured Rules: Offers pre-set compliance rules for supported regions to simplify setup.
Comprehensive Reporting: Generates statutory reports like Form 16, TDS returns, and compliance summaries for easy filing.
Integration with Tax Authorities: Provides seamless integrations for tax filings and submissions directly through the platform.
Does Zoho Payroll support direct deposit for salary payments?
Zoho Payroll supports direct deposit for salary payments. It enables businesses to transfer salaries directly to employees' bank accounts through seamless integration with supported banking systems.
Key Features of Direct Deposit in Zoho Payroll:
Secure Transactions: Uses encrypted communication to ensure safe salary transfers.
Bank Integrations: Connects with partnered banks for smooth processing of payments.
Batch Payments: Allows bulk salary disbursement for all employees in one go.
Timely Payments: Ensures salaries are credited on time by automating the transfer process.
Employee Notifications:Sends email notifications to employees after the salary is credited.
What types of reports can Zoho Payroll generate?
Zoho Payroll generates a variety of reports to help businesses manage payroll, ensure compliance, and gain financial insights. These reports are categorized for better payroll management and decision-making.
Types of Reports Zoho Payroll Can Generate
Employee Reports:
- Detailed payslip reports with salary breakdowns.
- Employee tax deduction summaries.
- Benefits and allowances reports.
Statutory Compliance Reports:
- TDS Reports: Summaries for tax deductions at source.
- Provident Fund (PF) and Employee State Insurance (ESI) contributions.
- State-wise professional tax reports.
- Form 16 and other tax forms for employees.
Salary Reports:
- Monthly or yearly salary payout summaries.
- Department-wise payroll reports.
- Overtime and bonus payment reports.
Leave and Attendance Reports:
- Integrated data from Zoho People for accurate leave deductions.
- Reports on unpaid leaves and work hours.
Financial Reports:
- Payroll expense reports for accounting purposes.
- Bank statements for direct deposit reconciliation.
Custom Reports:
- Tailored reports based on specific business needs like employee cost analysis or location-based payroll summaries.
