How CoreHR Handles Complex Payroll Processes

CoreHR is designed to handle complex payroll scenarios, including:

  • Tax Calculations Based on Selected Pay Items

    Accurately calculates taxes based on specific pay items, ensuring compliance with tax regulations.

  • No-Pay Deductions Based on Selected Pay Items

    Automatically deducts no-pay amounts based on predefined criteria, simplifying the payroll process.

  • Customized Overtime Calculations

    Allows for flexible overtime calculations based on various factors such as hourly rates, overtime premiums, and work schedules.

  • Integration with Time and Attendance Systems

    Seamlessly integrates with time and attendance systems to ensure accurate calculation of regular and overtime hours.

  • Compliance with Local Labor Laws

    Adheres to local labor regulations and tax laws, providing peace of mind for employers.

Payroll Features

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Automated Payroll Calculations

CoreHR accurately calculates wages, deductions, and taxes, ensuring compliance and reducing errors.

Real-Time Reporting

Generate reports on employee earnings, deductions, and tax liabilities in real-time for informed decision-making.

Customizable Reports

Create tailored reports to analyze payroll data and gain valuable insights.

Alerts and Notifications

Receive timely notifications for payroll-related tasks, ensuring you stay informed and avoid missing deadlines.

Employee Self-Service

Empower employees to view payslips, update information, and manage payroll queries through a self-service portal.

Automated Calculations

CoreHR automates various payroll calculations, ensuring accuracy and efficiency.

  • EPF Calculations

    Automatically calculates EPF contributions based on selected allowances.

  • ETF Calculations

    Accurately calculates ETF contributions.

  • PAYE Calculations

    Calculates PAYE tax based on employee income and tax brackets.

  • No-Pay Deductions

    Calculates no-pay deductions proportionally based on basic salary and EPF.

  • Overtime Calculations

    Calculates overtime pay based on hourly rates and overtime regulations.

Sri Lankan PayE Calculator

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