Payroll processing is a challenging task because of volume, complexity and legislation. We offer lower costs, better efficiency and reliable online payroll processing and tax calculation services.
Our online payroll processing services increase efficiency and lower costs, allowing customers to invest more of their time and budgets in the value added components of their back office.
Our accounting outsourcing services provide online payroll processing, employee payroll services, tax preparation, tax deduction, system program with high quality. We work with web based payroll software.
Our Online Payroll Processing Services include:
- Maintaining Master database of all employees.
- Entering/uploading attendance data, increment and changes in salary.
- Salary structure creation on the basis of Company norms.
- Entering deduction of loan.
- Updating Tax Deducted at Source and other deductions.
- Processing of payroll.
- Salary, payment, cost to the company and employee count reconciliation
- Generation of reports/returns.
Scope of work- Monthly Payroll Processing
- Receiving input data like attendance register, detail of resigned / newly joined employees from client.
- Receiving of addition & deduction details form client.
- Take a confirmation about Salary structure changes from client.
- Investment declaration updation if required.
- Preparation of monthly payroll with details provided by client.
- Circulation of monthly Payroll sheet in multi format like department-wise, location-wise & cost centre-wise.
- Reimbursements (part of CTC) based on input.
- Payroll statement for bank transfer.
- Pay slip access to individual employees through our payroll website.
- Full & final settlement process.
- Updating of leave register, salary & wages register if any change done by client.
- Leave report of individual employees through our payroll website.
- Computation of leave encashment annually / periodically as per company leave policy.
- Computation of TDS of individual employees & updating of TDS estimation slip on our payroll website.
- Compilation of investment declaration documents from employees to set-off rebate & deduction for tax saving of individual employees.
- Preparation & filling of quarterly/Annual TDS return of salary (Form 24Q) as per Income Tax Act 1961.
- Generation of Form 16 & Form 12BA for individual employees.
- Updating & suggesting tax planning on periodic developments in taxation matters.
- Filling Income Tax return for employees and obtaining PAN if desired by the employee.
- Advising of any changes in the Income Tax Act from time to time.
- Handling of all payroll related queries of employees.
Benefits of Online Payroll Processing:
- Cost efficiencies.
- Confidentiality and security.
- Qualified and enthusiastic payroll professional practitioners.
- On going compliance with regulatory requirements.