Payroll Processing / Payroll Cycle

Payroll processing is the process of calculating and paying employee salaries accurately and on time, along with handling all related tax and compliance deductions. Payroll processing involves checking attendance, calculating gross pay, applying deductions like PF and TDS, and transferring the final salary. After paying employees, companies also need to deposit taxes and other dues to the government as part of the payroll cycle. Most companies now use payroll processing software to reduce errors and stay compliant.