
Explore the payroll cycle from collecting and validating employee data to processing salaries and generating pay slips. Understand how ctc, cost to company, is computed and what drives payroll costs.
Explore payroll structure and statutory compliances, learn salary structure, allowances, and deductions, and build payroll management from scratch in Excel.
Explore how ChatGPT, a state-of-the-art NLP tool, can accelerate payroll management on Excel from scratch by outlining its capabilities and limitations.
Collect employee data and annual CTC to build a payroll structure, apply slab-based basics and allowances, and compute monthly CTC in Excel with ChatGPT-assisted formulas.
Explore the calculation of salary components in payroll management, including basic, da, hra, conveyance, medical allowance, and lta, with practical Excel-based methods.
Understand bonus rules under the Bonus Act: profits trigger bonuses; employees earning up to 21,000 receive 8.33% of basic plus da, with tiers under 7,000 and 7,000–21,000, none above 21,000.
Here we will calculate Basic, HRA, Medical Allowance, Conveyance, LTA, Internet and Bonus according to CTC.
Here we will talk about Statutory and Non-Statutory Deductions
Explore NPS, a pension scheme for old-age security in India, with mandatory tier one for government employees and voluntary tier two, employer contributions up to 10% of basic plus da.
Learn about the employee provident fund (EPF), a government social security scheme in India, with rules for mandatory contributions up to ₹1,800 and inclusion of basic pay and allowances.
Gratuity, after five years of service, is payable on retirement, resignation, or death, and is calculated as wage times 15 days per completed year, divided by 26.
Calculate payroll deductions in Excel using NPS and PV contributions, PF, and gratuity under slab rules; implement with IF and round formulas and verify CTC balance.
Compute gross and net salary in Excel by deriving basic, HRA, medical and other allowances from a master sheet, integrate paid days, p tax, internet allowances, LTA, and CTC.
Learn professional tax rules in Karnataka and Maharashtra, including salary slabs, an annual cap of 2500, and calculate p tax in Excel using vlookup and nested if formulas.
Calculate net salary in Excel from scratch by applying gross earnings minus total deduction, including pf deduction, p tax deduction, and income tax deduction, using vlookup and sum formulas.
Here we will cover Old Tax Regime Slab Rates along with various Exemptions.
Compute end-of-year income tax under the new regime in Excel, using vlookup and index/match, showing bonuses, standard deduction, and no HRA exemptions, versus the old regime.
Master payroll management using ChatGPT on Excel from scratch by practicing exercises, engaging with Q&A, and connecting on LinkedIn while exploring related courses on digital HR and soft skills.
Are you ready to master the art of Payroll Management while harnessing the power of artificial intelligence?
Welcome to "Payroll Management using ChatGPT on Excel from Scratch," a comprehensive e-Learning course that empowers you to efficiently handle payroll processes from the ground up, with the added advantage of ChatGPT's guidance and automation.
This course is designed for beginners and intermediate users who want to excel in managing payroll using the world's most popular spreadsheet software, Microsoft Excel. The unique feature of this course is the integration of ChatGPT, which provides real-time assistance, answers your questions, and guides you through complex payroll tasks.
Throughout this course, you will gain proficiency in essential payroll functions, including calculating gross pay, handling deductions and taxes, automating Income Tax Calculation using Old and New Tax Regime 2023-24 and generating Pay slips.
You'll also learn to automate complex calculations and create professional payroll reports.
With practical exercises and hands-on experience, you'll become a payroll management expert, able to handle various payroll scenarios with confidence.
By the end of the course, you'll not only possess the skills to efficiently manage payroll but also the knowledge to leverage the power of ChatGPT and Excel for increased productivity and accuracy.
Join us on this Payroll management journey and let ChatGPT and Excel transform the way you handle payroll tasks.
Enroll today and take your payroll management skills to the next level.