PAYE Tanzania stands for Pay-As-You-Earn. It is a withholding tax on taxable incomes of employees. Under this system, an employer is required by law to deduct income tax from an employee's taxable salary or wages.
Pay As You Earn (PAYE) is a tax deducted from employees’ income and is paid by an employer on behalf of the employee. The tax is charged on all income of an individual in employment, whether it is received in benefit or in kind. A monthly PAYE return must be filed by the employer on behalf of employees on or before the fifteenth day of the month following the month in which the deduction was made.
Before software was invented, payslips were prepared and calculated manually. And then with the invention of software spreadsheets eased the task of preparing payslips and related documents. Nowadays, majority of companies use payroll software regardless of their size. An efficient Payroll Software is necessary to make timely preparation of payslips, salary registers, statutory reports and related documents with at most accuracy.
The new Budget for the financial year 2020-21 introduced a new income tax regime for individual taxpayers. However, the new tax regime requires the individual taxpayer to renounce certain specified deductions. From April 1, 2020, an individual taxpayer will either continue with the existing tax regime or opt for the new one without 70 tax exemptions and deductions.
What is Public Service Social Security Fund (PSSSF)? The Public service social security fund institutes the Public Service Social Security Scheme that provides for contributions to and payment of social security benefits in respect of the service of employees in the public service. The Public Service Social Security Fund is a social security [...]
Payslips or Salary slips are documents issued by the employer to the employees, containing the detailed breakdown of an employee's earnings and deductions for a given salary period which can be weekly, bi-weekly, monthly etc. Employee Payslips are generally distributed either as hard copy by taking the print out or else are published through online portals called employee self service. An employer is legally obliged to provide payslip copy to every employee in his payroll.
Attendance software communicates with Time attendance devices to bring data from different geographical locations in to a centralized office. The software also allows users to process the attendance data according to their requirements. The summarized attendance data is usually used for reporting and also for payroll processing.
A work schedule, often referred as rota or roster in the HR circle is a list of employees and information related to their work timings, location of employment etc for a given period of time e.g. weekly, monthly. The process in AttendHRM roster management software of creating a work schedule for your employees is called roster management. A good roster plan (or employee shift schedule) ensures that each shift has enough employees to keep things running smoothly and efficiently.
Document management, often referred to as Employee Document Management Systems (EDMS), is the use of a computer system and software to store, manage and track electronic documents and electronic images of paper based information captured through the use of a document scanner.
Salary processing consists of the steps needed to pay employees each period. It involves tracking hours worked, calculating allowances, deducting money for employee benefits, and remitting payroll taxes. Implementing a solid salary processing method helps employers avoid penalties for breaking various Labor laws (minimum wage, unpaid overtime), calculation errors caused by manual entries etc and payroll software makes it easy.
