Payroll

Payroll Processing
Payroll processing that will be undertaken on a monthly basis Processing of time office data to credit to employee's bank account Updating of Masters and Employee footprint.
 
Statutory Filings & Compliance's
All Statutory requirements as per the requirements of various regulatory authorities as well as a comprehensive tax module
  • Income Tax compliance
  • Profession Tax compliance
  • PF compliance
  • ESIC compliance
  • Compliance with Employee Welfare Scheme such Labour Welfare Fund and others that may be applicable to the establishment
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
  • ESIC Return
  • Employee Welfare Scheme Reports
Salary structuring for tax purposes
Incorporating any salary structure changes, Reimbursements in the nature of Cash / Voucher adjusted in the payroll incorporating any rule changes both internal and regulatory and incorporating any tax laws changes
Employee Taxes, Tax Planning
Exemptions under LTA, Medical allowances and Conveyance as per rules
Banking Services
MIS Reports
Other MIS reports as specified by the client at the time of take on Company loan reports, Department-wise/ grade-wise employee cost reports Consolidated Salary Summary, Pay Register, Net Pay Advice Dynamic on-line reporting module for generating customized reports Journal Voucher in text file.
 
 
 
 
     
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