Payroll Processing
A. Benefits Experienced by Our Clients
- Accurate and timely payroll processing
- Higher employee satisfaction through quick query resolution
- Complete confidentiality of payroll data
- End-to-end coverage of all statutory compliance requirements
- Access to a web-based employee self-service portal
B. Scope of Payroll Processing Services
- Creation and maintenance of employee master data
- Structuring compensation packages for tax efficiency
- Collection of investment declarations from employees at the beginning of the financial year
- Advance calculation of individual tax liabilities and timely TDS deductions
- Deduction, deposit, and filing of TDS, PF, and ESI as per applicable laws
- Processing of salaries on scheduled dates
- Preparation of bank transfer details for salary disbursement
- Advisory on adequate employee insurance coverage in India
- Processing of reimbursement claims (e.g., medical, LTA, telephone/mobile bills)
- Handling employee queries related to payroll
- Final tax computation based on actual investment proofs at year-end
- Managing full and final settlements for exiting employees
- Issuance of Form 16 within the prescribed timelines
C.Transition process:
D. Our payroll solution at a glance:
E. Compliances covered:
F.How do we ensure to deliver what we commit?
G. Standard Reports Shared with Clients
- Monthly payroll register
- Bank payment advice
- Variance analysis reports
- Accounting entries for payroll expenses and payments
- Status report of payroll-related reimbursement claims
H. Sample Service Level Agreements (SLAs)
- Payroll Processing: Completed within 2–3 working days from receipt of complete information
- MIS Reporting: Delivered within 2–3 working days from the date of bank advice
- Query Resolution: Responded to within 1 working day