One of the most complex transactions of any company is running payroll and ensuring its compliance
with Income Tax, ESIC, Professional tax, PF and Gratuity. Every company in India is required to withhold
taxes from the salaries disbursed to its employee on a monthly basis. We shall assist in setting up a
proper payroll system/use the existing system, if any and ensure that the employee is paid as per the
terms of his/her employment. In this connection, our services would include
- Update data relating to the loans (home etc) taken by the employees, recovery of which would be through the payroll in case Company has a policy in this regard.
- Processing payroll, preparation of pay-slips and disbursing pay ? cheques /bank transfer advice on a monthly basis.
- Processing of approved employee expense vouchers.
- Tracking of reimbursements like Medical reimbursements, Leave Travel expenses, etc.
- Assistance in deposit of statutory liabilities such as withholding tax, professional tax.
- Providing clarifications to employees from to time on the payroll related issues.
We also provide email reminders when its time to process payroll. A preview of your payroll is available
to you with all mandatory and individually requested deductions and withholdings; so you can get an accurate
picture before we receive your signoff. If you wish, we can work with your employees in mailing out pay slips
or payment notifications.