A Project Report On

PAYROLL OPERATIONS AND PROCESS In the partial fulfillment of the Degree of Master in Financial Management under the University of Mumbai By

Mr. Dalvi Vishal Maruti Class MFM & Roll No: 14

Specialization: Finance Batch: 2012-15 Under the Guidance of

Prof. Harvinder Singh Chawla (Internal Guide)

Guru Nanak Institute of Management Studies Matunga, Mumbai-400019

1

2014 DECLARATION BY THE CANDIDATE

I declare that dissertation entitled “Payroll Operations and process” is my own workconducted under the supervision of Prof.Harvinder Singh Chawla,Mumbai.

I further declare that to the best of my knowledge the dissertation does not contain any part of anywork which has been submitted for award of any degree either in this University or any otheruniversity/ deemed university without proper citation.

Name of Guide

Name of candidate

Signature of Guide

Signature of candidate

2

PROJECT GUIDE CERTIFICATE FORM.

This is to certify that the dissertation submitted in partial fulfilment of the requirement for theaward of MFM of the University of Mumbai is a result of the bonafidework carried out byMr.VishalMarutiDalvi under my supervision and guidance.

Date:

Name:Vishal Marutidalvi

Place:Mumbai

Roll No.:

14 (Fourteen)

Name of the Guide:Prof.Harvinder Singh Chawla

Signature of (Project Guide)

3

Payroll Operations & Process

4

ACKNOWLEDGEMENT

My sincere thanks are due to all those people who made working on this research project a learning process and an enlightening experience for me.

I am highly obliged to my project guide Prof.Harvinder Singh Chawla who have guided as well as helped me from the foundation to the apex of my research project.

I sincerely express my deep gratitude to all my classmates, colleagues, friends and family who have helped, encouraged and inspired me with their constructive idea and whole hearted support towards the completion of the project successfully.

Name : Vishal MarutiDalvi Roll No : 14

5

TABLE OF CONTENT

Sr. No 1 3 4 5 6 7 8 9 10 11 12 13

Page No 8 9 19 24 25 53 56 61 64 74 75 77

Topic Abstract Introduction Demand Drivers Problem Statement Rationale Of The Research Utility Of The Study Review Of Literature Research Methodology Data Analysis & Interpretation Conclusion Recommendation Annexure

6