ERPNext HR & Payroll
What is Payroll Period?
- Payroll Period
- The Payroll Period in ERPNext defines the financial year for payroll purposes, used for income tax projection, investment declaration, and salary structure validity.
Setting Up Payroll Period
Go to Payroll → Payroll Period → New. Enter the start date (1 April) and end date (31 March) for India. The Payroll Period links to Employee Tax Exemption Declarations and governs how ERPNext projects annual salary for TDS calculation.
Tax Proof Submission
At year-end, employees submit actual tax proof documents (rent receipts, investment statements). ERPNext's Tax Exemption Proof Submission collects these. The payroll for March recalculates final TDS to settle any difference from earlier projections.
Need help with Payroll Period?
Infonoxe Technologies specialises in ERPNext implementation and custom software for Indian businesses.
Related Terms
Salary Slip
A Salary Slip in ERPNext is the monthly payslip generated for each employee, sho…
TDS on Salary (Income Tax)
ERPNext calculates Income Tax (TDS u/s 192) on employee salaries based on declar…
Payroll Entry
A Payroll Entry in ERPNext processes payroll for a group of employees for a defi…
Fiscal Year
A Fiscal Year in ERPNext defines the annual accounting period (e.g., April 2024 …
Implement ERPNext for Your Business
Expert ERPNext implementation, customisation, and support for Indian businesses.