Experience a comprehensive China Payroll Process encompassing data collection, salary calculation, tax deductions, reporting, discrepancy resolution, and archiving.
1
Collect payroll related data
2
Convert currency rate to CNY
3
Calculate gross salary
4
Deduct income tax
5
Approval: Tax Deduction
6
Calculate social insurance contributions
7
Deduct social insurance contributions
8
Calculate housing fund contributions
9
Deduct housing fund contributions
10
Approval: Benefits Deduction
11
Calculate net pay
12
Preparation of payment slip
13
Run payroll report
14
Approval: Payroll Report
15
Schedule payment transfer
16
Distribute payslips to employees
17
Generate payroll summary report
18
Submit payroll reports to local labor bureau
19
Discrepancies resolution if any
20
Archive payroll records for future reference
Collect payroll related data
Gather all necessary data related to employee payroll, including hours worked, overtime, bonuses, and any other relevant information. This task is crucial for ensuring accurate and on-time salary calculations.
