Payroll Services

We are counted among the trusted names engaged in offering reliable Payroll Outputs Service to our clients at reasonable prices in the market. These services are provided to the customers on monthly, quarterly or annual basis and are acknowledged for their flexible operations. Besides, these services are rendered by a team of highly qualified financial experts who hold in-depth knowledge about this domain and strive to serve our clients in the most effective manner.

These services cover the following issues:

• Payments

• Deductions

• Loan balances

• Leave Balances

Statutory Reports needed for compliance with the various regulatory authorities:

• Form 24 (Income Tax)

• Form 12 BA (Perquisites)

• Section 217 (Companies Act - attachment to the directors report)

• PF return

• Professional Tax Return

• Employee Welfare Scheme Reports

MIS reports include the following:

• Company loan reports

• Department-wise / grade-wise employee cost reports

• Consolidated salary summary

• Pay register

• Net Pay Advice

• Journal voucher for accounting purposes according to the format defined by the company (Cost center / Profit center wise)

We offer reliable Employee Support Services to our clients:

• Employees may be provided with web-based solutions to facilitate viewing and printing of their salary slips and tax computations

• Tax and Payroll queries of the employees are handled through dedicated email supports and telephones in a defined time frame

• Help desks at clients location is also organized at regular intervals to address any tax or payroll related matters

• Annual Tax filing of tax returns facility may also be provided at nominal professional charges

We are a renowned organization engaged in providing End-to-End Payroll Service to our clients at reasonable prices in the market. These services are acknowledged by the clients for their accurate solutions and reliability. Rendered by a team of highly qualified experts, these services are demanded extensively by our clients for their user-friendliness and cost-effectiveness.

Following are the issues for which we provide solutions:

• Monthly payroll processing

• Provident fund and tax deduction at source - advisory and regulatory support

• Provident fund and tax deduction at source - returns filing, annual assessment, liaison with authorities and others

• Payroll designing, benefits structuring, stock options and perks valuation advisory

• Employee statements, employees tax declarations, computation of tax, TDS certificates and Individual e-Tax Returns

• Expatriate tax compliance

Monthly payroll processing includes the following activities:

• Master Data Creation or Updation

• Creation & maintenance of database to capture the data related to masters, rules, wage structures and others

• Provision for investment declaration at start of the year to facilitate tax planning

Payroll processing undertaken on a monthly basis includes the following:

• Processing of salary and its credit to employee's bank account

• Updating of masters and employee data

• Incorporating any wage structure changes

• Reimbursements in the nature of expenses / medical / LTA

• Incorporating any rule changes both internal and regulatory

• Incorporating any tax laws changes

• Ad-hoc payments - bonus, performance awards, ex-Gratia and others

• Exemptions under LTA, medical allowances and conveyance as per rules

Arrears computation for the following cases:

• Delayed wage revisions

• Retrospective adjustments

Full and final settlement covering:

• Appropriate tax deduction at source

• Adjustment of leaves / loans / other recoveries / notice pays and others

• Payment of gratuity / leaves as per the provisions of law and company policy

Compliances of statutory requirements as per various regulatory authorities covering the following:

• Income Tax compliance - Quarterly TDS e-return filing

• Professional tax compliance

• PF compliance - filing of various monthly and annual returns and forms with RPFC

• Compliance with employee welfare scheme such as labor welfare board and others that may be applicable to the establishment

• Planning of loan recoveries and carry forward of any non-recovered amounts to next processing month. the loans can broadly be classified as: company loans (Soft, Home or Personal) and external loans – Home loans etc. from HDFC / ICICI / LIC and PF refundable loans