The term payroll software means automation of the whole range of payroll activities involved in the computation of salaries, the estimation of statutory deductions, the bonus amount to be paid and the distribution of the estimated amounts to employees on time. Traditionally, payroll processing is replicated each month for a time-consuming process. The payroll software now calculates and immediately proceeds with one click the gross wage, deductions, statutory compliance and net salary for each employee. In addition to estimating and paying salaries, payroll processing requires calculating all statutory responsibilities, producing reports, including numbers, in the format required by law and sending them to the departments concerned. Employees must also be aware of their salaries, tax deductions, reimbursements, etc. This takes place through payslips. All these operations are conducted by payroll software at a fraction of the cost of conducting these tasks ma...