The Singapore payroll system integrates software and compliance processes to ensure accurate salary calculation, statutory contributions, and legal adherence for employers. Payroll software automates salary disbursement, CPF (Central Provident Fund), SDL (Skills Development Levy), and Foreign Worker Levy calculations, reducing manual errors and administrative burdens.
Key Features
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Salary Computation: Automates basic pay, overtime, allowances, bonuses, and deductions, ensuring accurate net pay updates.
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Mandatory Contributions: Calculates and remits CPF for citizens/permanent residents, SDL for all employees, and FWL for eligible foreign workers.
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Itemized Payslips: Required by the Ministry of Manpower, detailing salary, deductions, CPF, and net pay. Payslips must be provided at each pay period or within 3 days of payment.
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Compliance Reporting: Automates income tax submissions (IR8A forms), keeps records for statutory periods, and supports statutory audit preparedness.
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Integration & Accessibility: Modern systems integrate with HR, accounting, and leave management platforms, ensuring seamless end-to-end HR operations.
Compliance
Employers must process payroll monthly and pay salaries within 7 days after the period ends. Overtime and termination payments have dedicated deadlines. Failure to comply can result in legal penalties and disrupt employee trust.
A robust payroll system is essential in Singapore’s highly regulated environment, maintaining accuracy, transparency, and legal compliance.
For more details Visit us:https://mobiworkforce.com.sg/products/singapore-payroll-system/
Phone: +65 6492 6783
Whatsapp: +65 9693 5512
Email: sales@exigasoftware.com.sg
