Hold salary payout for specific employees
The hold salary payout option in greytHR will help you to hold the salary payout of an employee for a specific month after processing the salary due to various reasons:
The employee is absconding and you are not sure of their status and at this point in time, you do not want to make the payout to the employee for the specific month.
The employee is currently serving the notice period and you want to pay out to the employee only along with the full and final settlement payout.
Hold salary payout would mean that all the salary statutory components like PF, ESI, Income Tax will be calculated and you can remit this to the concerned department on schedule.