Payroll Maintenance

Our team of accountants and payroll specialists collaborate to calculate and manage your company’s payroll by providing the following services:

Customized solutions for companies of all sizes

Dedicated accountants and tax specialists, as well as the most up-to-date high-end payroll software, will make payroll management and compliance a breeze for you.

Everything is done in accordance with your company’s payroll cycle, from employee remuneration to PF payments.

Our legal professionals handle labour compliances such as EPF registration, TDS returns, IT returns, and so on.

To keep track of your new hires’ details, as well as to generate and execute pay orders, you’ll need to use an electronic system.

payroll Processing

The company’s payroll is a list of employees that are paid. The entire amount paid to employees by the company is referred to as payroll. The establishment of an organization’s pay policy, which includes flexible benefits and leave encashment policies, is part of the payroll function.
Payroll administration also includes obtaining other payroll inputs such as the organization’s food vendor supply, as well as basic, variable pay, HRA, and LTA payslip components.
Payroll and HR management also entails paying employees, depositing dues such as TDS, PF, and other taxes with the appropriate authorities, and filing returns.
The calculation of Net Pay after tax adjustments and other deductions is included in payroll processing.

Importance of Payroll Maintenance

Payroll management is the process of keeping track of an employee’s earnings, wages, net pay, tax deductions, incentives, and other statutory duties like PF and ESI (Employees’ State Insurance). Employees are paid on time with an effective payroll management system, which reflects well on the company’s financial stability and eliminates the risk of legal implications.
As a result, employee morale is still excellent! A payroll administration system is required by every firm, whether small, medium-sized, or large-scale.
A effective payroll process necessitates a reliable payroll system that conforms with both payroll and labour laws.

Advantage

Boost staff motivation:

If your employees fear their job is in jeopardy and they aren’t getting paid on time, they may look for work elsewhere. Any last-minute issues or manual errors will be handled by a Payroll Management system, ensuring that your employees’ morale remains high.

Tax bills that are lower:

Keeping track of all of your employees’ documents can be challenging, and misusing them can be disastrous. When you add in compliance difficulties, you may find yourself paying fines if you aren’t attentive.

Tax filing and reporting made simple:

Payroll software guards against tax evasion, which could result in fines for employees. It also takes care of all of the company’s regulatory and compliance concerns, making tax filing a snap.

Benefits for new business owners include:

You’ll already have too much on your plate as a new startup owner. Instead of adding payroll management to your to-do list, you can now use established management software to keep track of your company’s money.

Cost-effective and time-saving:

Payroll software is usually created to work in conjunction with an existing accounting system. When calculating big amounts of data, this saves time and money for businesses. Keeping your payroll in-house instead of outsourcing it will save you a lot of money. You’ll have more financial power as well.

Checklist for an Effective E-Payroll System

Documents of a Company

Registration Certificate
ECR (Electronic Challan/Return) document
GST and TIN for the business.

Schedule of Payments:

A schedule that is both flexible and rigid
Weekly
Bi-weekly
semi-monthly and quarterly
Payroll schedules on a monthly basis.

Employees should be classified in the following ways:

Sort employees into groups based on their job functions.

Contractors
Freelancers
Employees on a long-term contract
Interns and volunteers
Payments should be scheduled accordingly.

Compensation terms:

Employee working hours
Office hours
Overtime, for example.

Payroll Calculation

The approved input data is delivered into the payroll system for actual payroll processing at this stage. After deducting the applicable taxes and other deductions, the result is the Net pay.
To minimise further errors, it’s usually a good idea to reconcile the data and double-check the correctness after the payroll process is completed

Payroll Management in Excel

When a business is just getting started and has only a few employees, excel-based payroll management is the way to go.
The computation is done on excel sheets using the standard payroll calculation template in excel-based payroll management. The payroll officer’s calculations are aided by the mathematical formulas that have already been established. However, there are other flaws with this strategy.
Because the data is input manually, there is a high risk of clerical and mathematical errors.
Adding and removing employees from the payroll list is difficult.
Duplicate data and omission of entries are possible.
It is necessary to keep track of tax modifications as well as other legislation changes such as PF, PT, and so on.

Payroll Outsourcing

When the payroll function is outsourced, it is handled by an external agency. Every month, the payroll service provider gives different other data, such as attendance, leaves, and reimbursement details, based on the pay cycle.
The external service provider then calculates the payroll and ensures that all legal requirements are met. Because payroll is such an important job, We can assist you in meeting all of your requirements.

OUR PRICING PLANS

Standard

₹ 14,999

complete company incorporation
Certificate of incorporation (COI)
Permanent account number (PAN)
tax deduction account number (TAN)
director identification number (DIN)
digital signature certificate (DSC)
memorandum of association (MOA)

Gold

₹ 16,999

complete company incorporation
Certificate of incorporation (COI)
Permanent account number (PAN)
tax deduction account number (TAN)
director identification number (DIN)
digital signature certificate (DSC)
memorandum of association (MOA)

Platinum

₹ 19,999

complete company incorporation
Certificate of incorporation (COI)
Permanent account number (PAN)
tax deduction account number (TAN)
director identification number (DIN)
digital signature certificate (DSC)
memorandum of association (MOA)

articles of association (AOA)
Bank account opening
GST registration
MSME / UDYAM registration
Share certificate issue
company commencement form filling