Chronos Silver(Payroll Software)

XclusiveMinds Chronos software is a web based, all inclusive time and attendance solution that interfaces to existing payroll applications and allows organizations to electronically collect and track accurate workforce data, streamlining the payroll process. The integrated attendance and payroll enables users to import or export data in to a separate payroll application instantly with the click of a button.

Note : Chronos Silver is combinations all Features of Chronos Light : The Time att Software.

Chronos Payroll software provides some great functionality as listed below:

• Salary, Provident Fund and CIT calculation

Since, Chronos handles both time and attendance; calculating salary, provident fund and CIT is much easier and convenient.

• Payroll Tax Calculator

Chronos uses an advanced tax deduction method that automatically calculates local income taxes as well as other custom deductions such as insurance and benefits.

• Leave fare/ festival allowances and Bonus

The software automatically calculates the leave far, festival allowances and bonuses through time and attendance tracker.

• Loan Calculation and Database

Most of the organization benefits their employees by providing a personal, home or a bike loan. Hence, it can be a tedious task to maintain the loan calculation and deduction. Payroll efficiently calculates the loan and maintains a secured database.

• Overtime

Organizations can calculate the overtime on different basis such as normal, holidays or evening hours; overtime can also be entered manually.

• Overseas Allowance

A separate allowance can be maintained for employees working from different countries.

Other features include:

• Advances
• Insurance Database maintenance
• Reallocation allowance
• Outstation allowance
• TADA
• Tax exemption items and
• Other deduction such as donation, deduction to employment fund and so on.