Payroll:
- Deductions as per applicable laws like Income Tax, Provident Fund, Professional Tax etc.
- Disbursement/ Online Payment of Salary.
- Reimbursement of telephone, medical bills etc.
- Preparation of Monthly Salary Sheet.
- Computation and deposit of TDS, ESI, PF etc.
- Pay slip by password protected e-mail.
- Issue of Form 16 to employees.
- Administration of gratuity, superannuation, pension schemes etc.
- Periodic Reconciliation of payments/statutory deductions etc. with books of accounts.
Benefits Of Outsourcing:
- Use of manpower for more important functions
- Substantial Savings in Cost.
- Improved Internal Controls.
- Off-site Backup of Data.
- Enables business to concentrate on core business activities.
- Investment in fixed assets reduced/minimized.
- Services of experts made available.
- Enhanced reporting capabilities to provide more timely and accurate financial data.