Home Our Services - Payroll End to End Processing

Payroll 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 etc.
  
• 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 compliances.

Monthly Payroll Processing

• Creation & Maintenance of database to capture the data related to Masters, Rules, Wage structures etc.
  
• Provision for investment declaration at start of the year to facilitate tax planning.

• 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 etc.
  
• Exemptions under LTA, Medical allowances and Conveyance as per rules

• Delayed wage revisions
  
• Retrospective adjustments

• Appropriate tax deduction at source
  
• Adjustment of leaves/ loans/ other recoveries/ notice pays etc.
  
• Payment of gratuity/ leaves as per the provisions of law and company policy

• 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 Labour Welfare Board and others that may be applicable to the establishment
  
• Planning of loan recoveries and carry forward of any unrecovered 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

• Payments
  
• Deductions
  
• Loan balances
  
• Leave Balances

• 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

• 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).

• 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