Our Final Settlements & Exit Payroll module ensures that all dues  including unpaid salary, bonuses, earned leave encashments, gratuity, incentives, notice pay, loan recoveries, and statutory deductions  are calculated with absolute accuracy. This reduces disputes and ensures a smooth exit experience for the employee.

The system allows HR and payroll teams to generate pro-rata salary based on last working date, calculate leave balances for encashment, adjust loan or advance recovery amounts, and apply relevant tax deductions such as TDS. Everything is automated and follows the configured rules of the organization.

Once the exit checklist is approved and verified, the full and final settlement (F&F) statement is generated, showing a detailed breakdown of earnings and deductions. This ensures compliance with internal policies as well as labor regulations.

Exit payroll also integrates with asset return status, compliance clearance, and resignation approval workflows to ensure that no critical step is missed. It acts as a centralized system for tracking the full exit lifecycle of the employee.

The entire process is digitized, eliminating manual intervention, delays, or miscalculations  ultimately saving HR teams time and avoiding potential legal issues.

• Precise salary for partial month and unused leaves.
• Handles statutory gratuity and discretionary bonuses.
• Outstanding recoveries are auto-adjusted from final payout.
• Ensures all exit steps are completed before payment.
• Applies applicable tax deductions and compliance checks.
• Transparent breakdown of earnings, deductions, and net payable.
• Real-time sync of last working date and payroll cutoffs.
• Full logs of approvals, payments, and clearances maintained.

We don’t believe in one-size-fits-all auditing. At Pawan Lohia & Associates, every Risk-Based Internal Audit begins with an in-depth understanding of your business model, industry dynamics, and regulatory exposure. Our team collaborates closely with your internal stakeholders to prioritize risk areas, define scope, and execute detailed audits with a strategic lens.