Definition:

The end-to-end process of computing employee wages, including salary, deductions, bonuses, and employer contributions.

Context & Importance:

Critical for maintaining employee trust, legal compliance, and accurate financial accounting.

Use Cases:

• Monthly salary disbursements
• PF/ESIC deductions and returns

Related Concepts:

Payslip, CTC, payroll compliance

TankhaPay Relevance:

Automated payroll engine with compliance, audit trails, and employee self-service.