Payroll-What we do?
Payroll is a method of administering employee’s salary in an organisation. The process consists of calculation of employee salaries, applying deductions, administrating employee benefits and payment of salaries. Payroll System can also be called as accounts activity which commences the salary administration of employees in the organisation. Our Payroll management system can be fully integrated with accounts and gives the benefit of simplified Payroll Processing and Accounting.
What we provide:
- Maintaining Employee Salary Database.
- Pay calculation for all employees based on attendance and after considering inputs of LOP, LOP Reversal, Salary Revisions, Onetime Payments, Onetime deductions, Stop Pay, Resignation and Other Master Changes.
- Vouching the reimbursement proofs as per individual company policies.
- Applying all statutory deductions like PF, ESIC, PT, IT and LWF.
Providing Payroll Reports
- Pay Slips for all employees through emails, and also on online portal availability.
- Computation for tax for all employees and communication through emails as well as online portal availability.
- Preparation and Maintenance of Pay Register.
- Preparation of Bank Advice for Salary Payments.
- Preparation of Salary JV for accounts – department wise, cost/profit center wise.
- Preparation of Summary report of all Statutory Liabilities.
Final Pay Settlement
- Full and Final settlement processing for al resigned employees based on Final Due Clearance Form Input taking care of payable and receivables.
- Taking care of necessary statutory deductions like PF, ESIC, PT and IT.
- Generating Final settlement Pay Slips for resigned employees.
- Generating Income Tax Computations for resigned employees after taking consideration of declaration proofs if any.
- Providing Salary Certificate and Form 16.
Statutory Compliance and Reports
- We do take care of all changes as per latest amendments to the Statutes and inform to our clients with full details of Govt Gazette Notification. Necessary changes will be implemented in payroll and deduction will be taken care of from the respective effective dates.
- Facility of filing and remittance activity within Bangalore will be provided. Other locations will be added in due course.
- All original acknowledgement copies from the respective authorities will be immediately couriered to the clients. Photo copies will be retained for future references.
Year End Processing
- Vouching Income Tax Proofs as per IT Rules.
- Reimbursement proof verification.
- Generation of digitally signed Form 16 of all employees.
Payroll Consulting and Structuring
- CTC Structure Design.
- Flexi Benefit Plan.
- Performance Bonus.
- Employee Claims.
- Rewards Programs.