Development of a system to automate payroll processing in an organization.
Consider a medium sized IT establishment which manages its own payroll requirements. This project will aim to develop an automated system to pay employees their monthly wages. The system should store employee salary details and leave allowance. At the end of the month the system should automatically credit the employeeâ„¢s bank account with their salary. Income tax and loan payments should be deducted at source and appropriate accounts credited. Salary slips should also be generated. This system can be integrated with Leave and loan systems to give a holistic solution to the organization.