Any amount saved is considered an income! It is a normal practice for the schools to deduct salaries of staff on Absenteeism and Late Coming. If things are manual at your school, at the month end it is a tough job to sit and revisit all the staff’s attendance one by one. With Ilmversity`s HR Module, all your salary deductions are handled automatically at the month end. Not only late coming deductions, but also any gov. taxes can be managed too. For deductions of Late Comings & Absents, you need to let the system know once what amount to deduct. Similarly for Taxation, in settings, you simply have to set a percentage once, that you want to divide as a tax on the amount received as income.
Once defined, all these operations are carried every month without much interference of yours, other than creating a new Salary Voucher. Contact our support team now, to understand how these settings can be done so it can be used to gain the ultimate benefit.