![](https://scarletindia.in/wp-content/uploads/2017/11/payroll-banner-Blog-16-Aug.jpg)
A payroll management system is a software program or system application that is used by companies to manage the financial aspects of the salary of its employees. This system oversees areas related to payroll, salaries, allowances, deductions, and net pay, as well as generating payslips within a prescribed period.