Payroll System | TimeTec

Payroll (For Malaysia only)

Monthly payrolls are meant to be easy

Streamline and automate your payroll process today with TimeTec!
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Benefits of a Sophisticated Payroll System

A sophisticated payroll system goes beyond reliability and efficiency. It offers:
  1. Enhanced Accuracy
  2. Time Saver
  3. Scalability
  4. Compliance Management
  5. Detailed Reporting
  6. Employee Satisfaction
  7. Integration Capabilities
  8. Data Security

Key Features of TimeTec Payroll

Automated Payroll Calculation


  1. Automatic calculations for EPF, SOCSO, EIS, HRDF levy and income tax deductions
  2. Automatic generation of Statutory reports: Borang E, EA, CP39 and many more
  3. Integrates seamlessly with attendance records, leave and claim requests
   

Salary Processing


  1. Salary will be processed based on predefined rules such as working hours, overtime, allowance or other relevant components before each payroll cycle
  2. Handles regular pay overtime, bonuses and deductions effortlessly
  3. Maintain employee trust and ensure compliance with employment regulations

Seamless Bank Transfers


  1. Integration with local banks such as Public Bank, Maybank, CIMB and more
  2. Make all your online payments for salary EPF, SOCSO & LHDN levy from one platform
  3. Ensure salary is paid on time, every time, enhancing employee satisfaction and trust

Instant Payslip Distribution


  1. Automatically distributes payslips through email or self-service application
  2. Reduce printing and distribution of paper slips
  3. Electronic payslips are delivered instantly, accessible anytime, reducing delays and ensuring timely access to payroll information
  4. Saves costs and supports eco-friendly practices

Employee Self-Service Portal


  1. Empower your employees by providing them access to payslips, and tax statements through the smartphone or web app
  2. Enhances transparency and allows employers and employees to access their payroll information conveniently

Data Protection and Legal Compliance


  1. Regulatory requirements and policies will be updated regularly to ensure the payroll system remains compliant with the latest laws
  2. Safety and security are guaranteed as the payroll system is compliant to the PDPA policies
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FAQ
1. What is payroll?

Payroll refers to the calculation and distribution of employee wages. This involves determining gross pay, subtracting statutory and deductions and issuing net pay. Payroll is a critical function in any organizations as it ensures employees are compensated for their work while complying with legal and regulatory requirements.

2. What is a payroll system?

A payroll system is a software solution that automates the process of managing employee wages. It includes a range of functions from calculating salary, statutory, and deductions to generating payslips and ensuring compliance with legal standards.

Over the years, payroll systems have evolved from manual processes to sophisticated automated solutions that save time and eliminate errors.

3. How is payroll calculated?

Payroll calculation starts with the employee’s agreed-upon monthly salary. Overtime pay is calculated based on the hourly rate and the number of overtime hours worked. Any applicable allowances are added. Deductions such as EPF, SOCSO, and EIS are subtracted, along with monthly income tax (MTD/PCB) based on taxable income. The remaining amount after all deductions and additions is the net pay.

4. Who prepares the payroll?

While it is a common understanding that HR prepares and manages employee payroll, a payroll department is responsible for working with the HR department to provide accurate and on-time payroll to a company’s employees.