Course Overview
The Diploma in Payroll Management (DPM) covers essential payroll processing, compliance, taxation, and benefits management. It equips students with skills in managing payroll systems, understanding labor laws, and ensuring accurate and timely employee compensation. Ideal for HR and finance professionals.
Duration:
1 year (2 semesters)
Syllabus:
The syllabus for the Diploma in Payroll Management typically spans two semesters. Below is a sample outline:
Semester 1:
Introduction to Payroll Management:
Overview of payroll processes, components, and management
Understanding employee compensation, salary structure, and benefits
Introduction to payroll software like Tally, QuickBooks, or other HR management systems
Payroll Accounting:
Basics of accounting in payroll processing
Understanding payroll taxes, deductions, and employer contributions
Payroll reporting and reconciliation with financial statements
Compliance and Regulatory Framework:
Legal aspects of payroll in India: Labour laws, statutory deductions (EPF, ESI, TDS)
Compliance with government regulations: Income Tax, Provident Fund, and Gratuity
Filing payroll-related returns and maintaining statutory records
Payroll Software and Automation:
Introduction to payroll automation tools and their benefits
Implementation of payroll software in small to large enterprises
Generating automated reports and managing employee data digitally
Semester 2:
Advanced Payroll Processing:
Handling payroll for different types of employees: Permanent, contract, and part-time
Managing bonus, incentives, arrears, and overtime calculations
Payroll auditing and troubleshooting common payroll errors
Employee Benefits and Taxation:
Managing employee benefits like insurance, allowances, and retirement plans
Taxation and exemptions related to employee benefits
Understanding the impact of tax reforms on payroll processes
HR and Payroll Integration:
Role of payroll in overall HR management
Aligning payroll with recruitment, employee performance, and appraisal systems
Data integration between payroll, HR, and financial systems
Project Work/Internship:
Practical experience through internships in payroll departments or HR firms
Project work involving payroll calculations, tax deductions, or implementation of payroll software
Preparation of reports and presentations on payroll management practices
Average Fees:
₹20,000 to ₹80,000 (varies by institution)
Exams to Attend:
Internal Assessments:
Regular assessments through assignments, case studies, and practical payroll exercises.
Final Semester Examinations:
End-of-semester exams testing theoretical knowledge and practical payroll management skills.
Professional Certifications (Optional):
Certified Payroll Professional (CPP): Focuses on proficiency in payroll processes and compliance.
Certified Compensation and Benefits Manager (CCBM): Specialization in managing compensation, benefits, and payroll integration.
Competitive Exams (Optional):
Entrance exams for further studies such as Bachelor’s in Commerce (B.Com) or MBA in HR or Finance.
Top 10 Institutions in India:
Indian Institute of Management (IIM), Ahmedabad
Symbiosis Institute of Business Management (SIBM), Pune
XLRI (Xavier School of Management), Jamshedpur
Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
Indian School of Business (ISB), Hyderabad
Indian Institute of Banking & Finance (IIBF), Mumbai
Amity University, Noida
Christ University, Bangalore
St. Xavier's College, Kolkata
Faculty of Management Studies (FMS), Delhi University
Top 10 Institutions in Kerala:
Rajagiri College of Social Sciences, Kochi
St. Teresa's College, Ernakulam
Amrita School of Arts and Sciences, Kochi
Sacred Heart College, Kochi
Farook College, Kozhikode
MES College, Marampally
Mahatma Gandhi University, Kottayam
Kerala University, Thiruvananthapuram
Mar Ivanios College, Thiruvananthapuram
St. Joseph’s College, Devagiri, Kozhikode