Payroll isn’t just about paying your people. Payroll affects every aspect of the organisation, you didn’t get into business to manage paperwork and keep track of payroll legislations.
- Processing Monthly Salaries
All you need to do from your end is to send us the variable monthly particulars. From thereon, our operational experts take care of everything
- Processing your payroll based on the latest legislative updates
- Processing investment declarations of your new joins and updating it.
- Validating the inputs received with your organization or previously determined policies
- Providing consolidated reports (standard and customized)
- Payroll Compliance
Ensuring accurate processing of the compliances through a systematic process –
- Provident Fund (PF)
- Employee State Insurance (ESI)
- Professional Tax (PT)
- Labour Welfare Fund (LWF)
- Income Tax (IT)
- Processing Reimbursements and Arrears
Once employees submit their reimbursement claims, we –
- Validate the claims based on policies
- Integrate the validated claims with payroll data
- Send consolidated reports on changes made
- With regards to processing arrears, our experts ensure day-to-day maintenance of your arrear registers and maintain consolidated arrear computation reports for assistance during audits.
Full and Final Settlement
Full and final settlements are the concluding formalities that need to be comprehensively addressed to ensure complete compliance with legal as well as established company policies.
Our operational specialists are also industry experts who understand all the intricacies involved in the full and final settlement process. We manage everything from –
- • Calculating payable days
- • Leave Encashment days/Notice Period recovery
- • Investment proofs and reimbursement claims during final settlements
- • Other payments/deductions
- • Consolidated reports on net payable/recoverable, final tax workings, journal voucher etc.
Quarterly returns filing (Form 24Q)
- • Accurate processing and filings of quarterly returns is vital to the integrity of every company and we take it very seriously.
- • Our internal reconciliation process is comprehensive and ensures maximum accuracy with regard to taxes deducted. All variances are sought clarification and only then do we proceed with uploading the base file into the eTDS and subsequently generate the Form 27A. This form is then shared with clients.
End-of-Year process (Form 16)
- • Ensuring your employees a smooth year-end process is crucial as the complexities involved during end of the year process could be very demanding and sometimes unmanageable if not planned properly. However, proper planning is an expenditure of its own.
- • With ESS portal, employees can now submit all their investment declaration proofs through an easy to use and mobile-optimized interface.