Payroll Management

A few reasons to outsource your payroll
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Eliminate non-value added activities and spend more time on critical and core functions. |
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Payroll processing is a time-consuming process. Outsourcing payroll can free up staff time to pursue more important value-added and revenue-generating activities. |
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Most business owners and controllers don't have time to keep up with constantly changing regulations, withholding rates, and government forms. By outsourcing payroll, a small business can take advantage of expertise that was previously available only to big companies. |
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Using an outside service provider eliminates the business from risk of employee turnover. |
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To ensure that payments, TDS filings and other functions are completed correctly and on time. |
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To avail the services of the experts in the field. |
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To minimise cost |
In Payroll processing we…
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Collect, create, process and generate data of all the defined frequencies (daily, weekly, monthly) and defined pay types (overtime, shift allowance, holiday payment) |
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Manage new joiners and leavers data and their respective master records. |
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Furnish standard reports plus any agreed customised reports |
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Provide Individual Payslips and Bank transfer statements |
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Provide Form-16 data for preparing tax returns |
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Help in filing various returns and compliance matters |
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File on-line all relevant year-end returns if needed |
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Generate the below reports |
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Monthly Pay slips |
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State wise Profession Tax |
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Bank wise payment statement |
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Employee wise variance analysis report |
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Provident Fund |
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Leave tracking |
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ESIC |
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Advances management and tracking |
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TDS as per Income Tax Act |
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Any other reports as desired. |