Basic Pay 50% Rule in Payroll Software
Payroll software can easily implement the Basic Pay 50% Rule by structuring salary components in line with statutory guidelines. This automation ensures consistent calculations for PF, gratuity, and tax deductions. Businesses using payroll systems with this rule reduce manual errors and improve compliance accuracy. It also provides employees with clear salary slips and benefit breakdowns. Integrating this rule into payroll technology improves efficiency and regulatory adherence.