Payroll outsourcing

We provide end-to-end payroll outsourcing solution that reduces processing costs with a streamlined and consistent execution of your payroll, statutory and compliance needs.

Every company, no matter what the business size or nature, needs to have its payroll computed every month. Unfortunately, for many companies, payroll processing can prove to be a hassle due to :-

• Payroll computation errors.
• Issues with income tax and statutory compliance bodies (PF & ESIC offices).
• High fixed costs of payroll management.
• Study proves that IN house HR Admin is more costly than outsourcing.

Companies often initially process payroll themselves for any number of the following reasons:

• they consider in-house processing to be more cost-effective than outsourcing
• they are protective of wage information
• they want to maintain control over payroll data to handle last-minute changes.

Plus, without the proper knowledge of payroll procedure and access to a sound payroll program, it's easy to make mistakes. Employees as well as federal, state, and local tax collection agencies need to be paid in full, on time, and in the proper manner. Usually, late payments are cause for monetary penalties.

Payroll processing in companies though a once in a month activity, is a key mandatory function. Payroll processing comprises of various sub-activities such as collating leave data, calculating paid days, full & final settlements, one time adjusting for earning and deduction, salary tax calculation, investment updation, compliance payment, Tds returns filing, Form 16 generation etc, due to so many sub-activities payroll processing as a complete function demands a dedicated team backed by the appropriate infrastructure.

One of the biggest challenges faced by companies today, is keeping themselves updated with the ever changing salary tax laws, tds returns filing rules and regulations and other compliances.

Payroll Management is an efficient way of managing all kinds of financial obligations towards your employees. Whether you are a small, medium, or large business, our flexible payroll service helps improve your payroll management and reduce costs. Various complexities come along with payroll management such as - calculating the ratio of perks, bonuses, deductions, and other reimbursements of employees. Our experts will not only help you to manage your payroll, but also educate and advice you for a better understanding of the payroll systems.