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PAYROLL MAINTENANCE
Starting @5000
WHAT IT INCLUDES?
Payroll process involves arriving at what is due to the employees also called as ‘net pay’ after adjusting necessary taxes and other deductions which includes:
- Developing organization pay policy including flexible benefits, leave encashment policy, etc.
- Defining payslip components like basic, variable pay, HRA, and LTA
- The actual calculation of gross salary, statutory as well as non-statutory deductions, and arriving at the net pay
- Depositing dues like TDS, PF, etc. with appropriate authorities and filing returns
ADVANTAGES & BENEFITS
Easy Tax Filing and Reports
Under the Income Tax Act, every salaried individual is liable to pay taxes as prescribed by the State and Central governments depending on the salary and exemption limit. It takes care of all the compliance and statutory requirements which benefit the company in filing the taxes easily.
Maintain Reputation
In addition to fulfilling its financial obligations, a company must also ensure to maintain adherence to all the country's tax obligations and labour compliances like TDS, ITR, ESI, PF, etc. This enhances an organization’s reputation as a stable employer and also helps in increasing the brand proposition.
FAQs
Managing accounting, payroll, tax and other financial responsibilities is very tedious and complex, especially more so if you have just started up. Hence, by outsourcing payroll process, you can save time and money; be assured of accuracy in calculation and deductions; get expert guidance from Payroll specialists, Accounting and Financial professionals.
There is no minimum and maximum limit for the employee count. We can process payroll even for one employee.
Payroll can be outsourced, managed by oneself or by adopting any software. But it is best when outsourced as it is cost-effective and saves time and money. Also, you can closely work with the payroll specialists and financial experts who will be updated with the latest tax rules and compliances.
Our payroll system is well-secured in such a way to protect your company’s and employee’s data and confidential information. We never compromise on the security of bank account numbers, addresses, pay rates, and other details required to process the payroll and tax forms.
Allowance is a fixed sum that a company may decide to pay its employees to cover additional expenses. For example travel allowance, overtime allowance, medical allowance, etc. Reimbursements are the amounts that a company pays back to its employees who may incur business-related expenses. For instance, many companies provide medical reimbursements where employees can claim the amount by presenting appropriate bills and proof of expenditure.