Why us in Payrolls for you:-
- Creation & Maintenance of database that will capture the following data:
- Masters, Rules, Wage structures
- Complete Employee footprint
- The flexibility built into the system and exhaustive wage structures allow the system to meet most requirements with minimal customization.
- Provision for investment intent declaration at start of the year to facilitate tax planning
Month Process:-
Payroll is a monthly process, we undertake the following :-
- Processing of time office data to credit to employee’s account as prescribed
- Updating of Masters and Employee Database regularly
- Any changes in the Salary Structure updation immediately
- Reimbursements in the nature of Cash / Voucher adjusted in the payroll
- Capable of Incorporating any rule changes both internal and regulatory
- Capable of Incorporating any tax laws changes
- Performance based updations as well
- Exemptions under LTA, Medical allowances and Conveyance as per IT rules
Automatic arrears computation for cases such as
- Revisions in the salary delayments
- Retrospective adjustments
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 Board and others that may be applicable to the establishment
Payroll Outputs:-
Pay-slips (printed or emailed) in PDF or Word or Excel format.
- Payments
- Deductions
- Cum. Totals
- Loan balances
- Leave Balances
Form 16 (Income Tax) to employees with an option for bulk filing at Income tax office at a nominal rate borne by the employee
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
- Prof. Tax Return
- ESIC Return
- Employee Welfare Scheme 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
At the end of every month the entire data of that month is given to client in a CD in word or excel format
