What is the meaning of payroll department? What are the responsibilities of payroll department?

The department that determines the amounts of wage or salary due to each employee. The payroll department works as a team to get payroll checks distributed to employees in a timely fashion.

1. Timekeeping

2. Record-keeping

3. Employee Benefits

4. Payroll Accounting

5. Employee Relations

6. Salaries

In a company, payroll is the sum of all financial records of salaries for an employee, wages, bonuses and deductions. In accounting, payroll refers to the amount paid to employees for services they provided during a certain period of time. Payroll plays a major role in a company for several reasons.

From an accounting perspective, payroll is crucial because payroll and payroll taxes considerably affect the net income of most companies and they are subject to laws and regulations. From an ethics in business viewpoint payroll is a critical department as employees are responsive to payroll errors and irregularities: good employee morale requires payroll to be paid timely and accurately. The primary mission of the payroll department is to ensure that all employees are paid accurately and timely with the correct withholdings and deductions, and to ensure the withholdings and deductions are remitted in a timely manner. This includes salary payments, tax withholdings, and deductions from a paycheck.

almoust of company have Payroll Part in Accounting Departement responsible to Check employee  :

- Salaries

- deductions

-Bonus

-insentives

- wages

- worked Hours

Pay roll management consists of maintaing records for, and controlling of basic pay, increments, eligible allowances , gross emoluments and deductions for Provident fund, ESI, Income tax, other recoveries to be made from each employee, including maintenance of attendance and leave records. It also ensures proper compliance of applicable legal requirements under P.F Act, ESI Act, Income tax Act, etc., to avoid facing penal consequenses. In that the management of pay roll ensures correct deductions made in pay bills of employees and timely remittance to Government and other authorities.