247HRM runs full-cycle payroll for IT services and product firms on one record: salary, bonuses, reimbursements and FBP feed a single calculation. Income tax under the old and new regime, Form 24Q and Form 16 all flow from the same data, with payroll for 5,000 staff in under 10 minutes and 95% fewer errors.
What IT payroll and finance teams get when salary, variable pay, reimbursements and tax all live in one suite.
Compute variable pay and bonuses, settle reimbursements and FBP, deduct TDS under either regime, file Form 24Q, and give distributed teams self service. 247HRM does all five from a single record, in production today.
Bonuses, incentives and revisions are applied in the same payroll run as fixed salary, so monthly close stays fast even when pay components move.
Reimbursements and flexible benefit components are claimed in self service, verified, and carried into payroll with the right tax treatment.
Income tax is computed under both the old and new regime, the chosen one applied, and TDS spread across the year so March is not a shock.
A quarterly text file is produced from live payroll and tax data, validated with the FVU utility, and uploaded to the TIN portal with no re-keying.
Distributed employees view payslips, submit declarations and upload proofs from self service, so HR is not the bottleneck at any location.
Click through to see how 247HRM handles variable pay, reimbursements and FBP, income tax with Form 24Q, and self service for distributed teams, all from one payroll record.
Bonuses, incentives, joining and retention pay and mid-cycle revisions are applied in the same full-cycle payroll run as fixed salary. The engine processes large headcounts fast, so even with moving pay components the monthly close stays on schedule.
Employees claim reimbursements and flexible benefit components from the self service portal, attach bills, and HR verifies from a single queue. Verified claims flow into payroll with the correct tax treatment, so net pay and TDS stay accurate without re-keying.
247HRM computes liability under the old and new regime for every employee and applies the chosen one. TDS is spread across the remaining months, and the quarterly Form 24Q text file is produced from live payroll and tax data, validated by FVU and uploaded to the TIN portal with no second application to feed.
Remote and on-site employees view payslips, capture investment declarations and upload proofs from the self service portal on web, Android or iOS. HR is not the single point for every query, so a team spread across cities and time zones stays self-sufficient.
247HRM computes income tax under both the old and the new regime for every employee and applies the one each person has chosen. The same engine handles PF, ESI, PT and TDS, so variable pay, reimbursements and statutory deductions all reconcile in a single payroll run.
When variable pay lives in a spreadsheet, reimbursements in email, tax in a separate utility and payslips chased over tickets, the same salary figures get keyed two and three times. Errors and a slow monthly close follow. Here is the difference 247HRM makes.
What IT payroll teams report when systems are split.
Payroll, tax and self service in one suite.
Three connections do the work: pay in, claims in, tax and statutory out.
Fixed salary, variable pay and verified reimbursements feed a single payroll calculation. As part of Complete HRMS, the payroll module shares one employee record, so net pay, TDS and Form 16 never drift apart.
Employees claim reimbursements and FBP and capture investment declarations from the self service portal at any time. Each section carries eligibility notes, HR verifies from one queue, and net pay and monthly TDS update as claims and proofs are accepted.
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Verified themes from teams running variable pay, TDS and Form 16 on 247HRM.
Bonuses and revisions used to break our close. Now variable pay runs in the same cycle as salary, and the month-end is predictable again.
Reimbursements moved into self service and the email chasing stopped. Verified claims just flow into payroll with the right tax treatment.
Our teams are spread across four cities. Payslips, declarations and Form 16 in self service mean HR is not the bottleneck anymore.
Compared on the things IT payroll teams feel every cycle.
| Capability | 247HRM | Standalone payroll tool | Spreadsheets |
|---|---|---|---|
| Variable pay & bonuses | ✓ Same run as salary | ~ Separate import | ✕ Manual entry |
| Reimbursements & FBP | ✓ Self service + review | ~ Separate module | ✕ Email & bills |
| Old and new regime TDS | ✓ Both per employee | ~ Often one | ✕ By hand |
| Form 24Q & Form 16 | ✓ FVU-ready, reconciled | ✓ Re-enter data | ✕ Not supported |
| Self service for remote teams | ✓ Web, Android, iOS | ~ Web only | ✕ Tickets |
| Year-end reconciliation | None needed | Manual | Heavy |
Statutory references used across the payroll and income tax modules:
Quick reference for the terms used across the payroll and income tax modules.
A product specialist sets up your pay structure and state profile and walks your team through a full cycle, from salary and variable to Form 16.