The payroll is defined as a list of company employees and a financial record of compensation due to each employee in the form of salaries, wages, bonuses, or deductions. This list of payments is divided up into time frames, including payment per week, fortnight, and month. Payroll processing in India is the task of managing the payment of salaries and wages by the company to its employees.
Our payroll processing services in India enable you to improve your Human resources management. Instead of just giving out paychecks to your employees, we ensure that your company payroll is error-free. Outsourcing this process to our payroll experts, not only saves costs, but it enables you to focus on core tasks, facilitating growth without human resource or infrastructural restrictions. Partnering with us will reduce the total cost of doing business and increase your company’s profits. Our team will assist with the payroll management process in a manner that maximizes salary payouts and minimizes employee cost-to-company (CTC).
In the contemporary era, systematic payroll processing services have become a requisite for every entity with the intent of streamlining payroll procedures, optimizing productivity, and improving payroll management and administration.
Every employer is required to comply with the applicable laws in relation to the employees hired by their organization. Some of the compliances to such laws are outlined hereunder:
Outsourcing your payroll to our payroll experts will primarily help your company file its tax returns on time, easing the work pressure, reducing the load, and allowing your company to improve on its core business efficiencies. We simplify your payroll complexities and offer all of our clients a highly comprehensive and the best payroll processing services on offer.
We assist our clients with:
- Maintaining payroll records
- Setting up the payroll
- Running weekly / fortnightly / monthly payroll
- Making payments to employees via direct transfer
- Issuing pay stubs
- Payment of withholding taxes
- Filing of payroll tax returns
- Payroll reports
- Collection and vetting of investment proof at the end of each year
- Running administration reports such as the payroll register, bank file, variance reports and payroll summaries
- Providing employee reports such as payslips, tax statements & other related statements