By outsourcing the payroll administration to us you could ensure economies of scale, and also free up your experienced staff for more productive and challenging activities.
The scope of this service would include the following activities:
- Calculation of monthly pay and applicable deductions.
- Employees tax obligation calculations.
- Track Flexible pay components of employees.
- Track investment details of employees.
- Submit consolidated net salary details to finance department for disbursement.
- Assist in payment of statutory dues deducted from employees' salary.
- Preparing monthly pay slips and mailing to employees.Submit on timely basis, details of deduction and deposition of IT, PF, ESI and other statutory obligations.
- Assist in submission of forms and details required as per statutes to the appropriate authorities.
- Preparation of Form-16 as per the Income tax Act at the end of the year.
- Assist in filing e-TDS returns with respect to tax deductions at the end of the year.
- Process new accounts/transfers/withdrawals/closure of PF/ESI.
- Calculate and pay overtime time charges to operators as and when applicable.Assist in bonus calculations, if any, to employees in compliance with Bonus Act.