Select payroll settings, click on Edit at payday information. In this page, you can set up the following information:
Setting up mid-month payroll in Swingvy Payroll
Enable this function to should you wish to pay your employee twice a month
The mid-month pay date is the date you would like to pay your employees, leave the default option as 15th of the month or choose other if it varies.
There are 2 options to choose from, by a fixed amount or by percentage.
- If the percentage was selected, the employee mid-month advance will be the basic salary multiplied by the percentage
- If the amount was selected, the employee mid-month advance will be fixed at the amount defined in the settings
With this option checked, statutory for mid-month advance will be calculated during the mid-month payout. The mid-month statutory is only for reference purposes, the final statutory amount will be computed during the month-end payroll.
You may assign the employee with mid-month advance from the selection here or you may also include them in the employee profile.
(b) Pro-rated Salary Calculation
(c) HRDF contribution
Under PSMB Acts, certain categories of employers are liable to pay a Human Resource Development levy for each working employee at the rate of 1.0% of the monthly wages of the employee.
Read more about HRDF here.