Payroll

How payroll processing works

Payroll is a monthly cycle, not a single calculation. Here is the usual sequence.

By MSV FinTech Solutions · Published 2026-03-20 · Updated 2026-03-20

Payroll starts with complete employee data: join dates, salary structure, bank details and statutory identifiers.

Attendance and approved exceptions are applied next.

Earnings, deductions and statutory amounts are calculated, then reviewed before payslips and reports are issued.

Year-end work, such as Form 16 related support, depends on the records kept through the year.

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