Excellent Pay · Feature
Automate PF, ESI, TDS, PT, LWF, Bonus, Gratuity and more — with built-in statutory reports and challans generated straight from your payroll data, so every cycle stays compliant without the manual scramble.
What’s covered
One engine computes each deduction from the same employee and salary data — no parallel spreadsheets, no head left to chase.
Employee and employer EPF contributions computed against wage ceilings, with EPS split and challan-ready figures every cycle.
ESI deducted automatically for eligible employees, tracking wage thresholds and contribution periods without manual checks.
Tax deducted at source under the latest slabs, with projected liability spread across the year and adjusted as earnings change.
State-wise PT slabs applied by each employee’s work location, so multi-state payrolls deduct the correct amount everywhere.
LWF contributions handled per state rules and periodicity, with employee and employer shares calculated for you.
Statutory bonus computed under the Payment of Bonus Act, applying eligibility limits and percentages to qualifying wages.
Gratuity accrued and calculated on tenure and last-drawn wages, ready for provisioning and final settlement.
Returns and challans generated across every head — ready to review and upload, with figures reconciled to the pay run.
Why it matters
Built so the right amount is deducted, reported and filed every time — without watching the calendar or the rule changes.
Deductions, filings and challans land accurately and on time, removing the late-filing and shortfall risks that trigger fines.
Rates, ceilings and slabs stay current, so each pay run is calculated against the rules that apply today — not last year’s.
Statutory reports, returns and challans are produced from the same payroll data, ending the monthly rebuild in spreadsheets.
FAQ
Excellent Pay handles the full range of Indian payroll statutory deductions — Provident Fund (PF/EPF), Employee State Insurance (ESI), TDS / income tax, Professional Tax (PT), Labour Welfare Fund (LWF), Bonus and Gratuity — calculated automatically each pay run from your employee and salary data.
Statutory compliance is one part of Excellent Pay’s end-to-end payroll and HR suite. Explore the full product or book a walkthrough.