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Also in 2015, Tally Solutions announced the launch of Tally.ERP 9 Release 5.0 with taxation and compliance features. [13] In 2016, Tally Solutions was shortlisted as a GST Suvidha Provider to provide interface between the new Goods and Services Tax (GST) server and taxpayers, and in 2017, the company launched its updated GST compliance software.
The payroll module automates the pay process by gathering data on employee time and attendance, calculating various deductions and taxes, and generating periodic pay cheques and employee tax reports. Data is generally fed from human resources and timekeeping modules to calculate automatic deposit and manual cheque writing capabilities.
A graduate in mathematics, [7] Goenka co-founded Tally Solutions with his father in 1986 after searching for a software to manage their accounting books. He created an MS-DOS based accounting application named Peutronics Financial Accountant, formally changed to Tally Solutions in 1999.
Payroll in the U.S. is subject to federal, state and local regulations including employee exemptions, record keeping, and tax requirements. [3] In recent years, there has been a significant shift towards cloud-based payroll solutions.
Payroll automation [1] refers to the use of computers to produce paychecks and manage benefit payments for a company or community. Often, payroll automation is integrated into the company's enterprise resource planning system that provides an overall view of the company's or community's finances; in addition to payroll, it can manage customer relationships, production, personnel resources ...
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