Human Resource & Payroll Management Services

The emergence of services/products portfolio management has forced organizations to rethink their service delivery strategy. This new thinking comes in the backdrop of studies suggesting that HR related activities generally take up to 25% of the company's time. Hence, companies are looking for solutions which can assist in consolidating segmented HR processes, maintaining quality and compliance. Supplier consolidation/rationalization is being thoroughly analyzed as a means to gain economies of scale, reduce overall cost and speedily implement new efforts to meet short term business needs.

We offer end-to-end Payroll processing solution; through state of the art web-enabled payroll platform developed by one of India’s leading ERP solution providers. It offers a very safe data processing environment with strengths in security and disaster recovery. Our team is well versed in accounting and tax-related matters. We have been serving a number of marquee clients and the feedback we have received is indeed encouraging. We provide following services under HRO

  1. Fast and accurate salary processing:

Based on input of attendance, leave, and other details, we process employee salary by last date of the month and issue salary slip simultaneously. We prepare your payroll accurately and provide timely reports that allow you to manage your business. Our reports give you the opportunity to choose only the information you need in an easy-to-read format.

Our service includes:-

  • End to end payroll processing services
  • Reimbursement of Medical, Conveyance, Telephone, LTA and other reimbursements (CTC Related)
  • Investment declaration and proofs of investment by the employees
  • Full & Final settlement
  • Bonus, Overtime , Ex-gratia, leaves encashment
  • Online investment declaration facility
  1. Legal compliance:

We compute all tax liabilities and prepare quarterly tax TDS returns for filing. Our professionals can provide:-

Legal compliance related to payroll:-

  • Provisional and final Form 16 & 12BA
  • Professional Tax, Provident Fund, ESI, TDS
  • Leave Record
  • Statutory Reports – 24Q, 27A
  • Monthly withholding Tax (TDS) Computation and Deposit
  • Preparation and filing of quarterly With-holding (TDS) Tax returns
  • Generation of digitally signed Form 16 & 12BA
  • Calculation, deposit and Returns of PF/ ESI as required under law
  • Professional Tax, if applicable
  1. Consultancy on salary structure, change in law

Our professionals are well trained and up to date. They analyze every amendment to tax laws, notifications/circulars issued by CBDT, judgment of honorable courts to ensure efficient tax planning which result more cash flow in the hands of employees.

Let’s see by an example:

 

Below is example of one of our clients (say ABC Limited). As per our advice, they changed salary structure of employee which resulted tax saving of 35,000 annually.

 

Before

 

 

  After

 

 

Details

Amount paid

 Taxable Salary

 

Details

Amount paid

Taxable Salary

Basic

       713,200

          713,200

  Basic

       713,200

          713,200

HRA

       213,960

                   -  

  HRA

       356,600

                   -  

Other Allowance

       272,840

          272,840

  Conveyance Allowance

           9,600

                   -  

 

    1,200,000

          986,040

  Children Education Allow

           2,400

                   -  

 

   

  Children Hostel Allowance

           7,200

                   -  

deduction u/s 80C

            100,000

  Medical  Reimbursement

         15,000

                   -  

Taxable Salary

            886,040

  Telephone Reimbursement

         18,000

                   -  

 

   

  LTA

         40,000

                   -  

Tax

            107,208

  Meal Voucher

         33,000

                   -  

 

   

  Gift Voucher

           5,000

                   -  

 

   

   

    1,200,000

          713,200

 

   

  deduction u/s 80C

            100,000

 

   

  Taxable Salary

            613,200

 

   

  Tax

  72640

 

 

 

  Saving

 

            34,568

 

 

Client and employee self-service via internet

Allowed submissions

·                     Flexible plan declaration/CTC structuring

·                     Income tax declaration

·                     Update PAN/dependant details

·                     Reimbursement claims

·                     Income tax proof submission

·                     Query management

View access

·                     Payroll/reimbursement payslip for all periods

·                     Income tax details with guidelines

·                     YTD reimbursement claims

·                     Approvals/rejection of claims

·                     CTC reconciliation

·                     Form 16

·                     Forms for PF submissions

·                     Company policy guidelines

Unique benefits

ü    Efficient and hassle free processing of payroll and reimbursements; stringent controls and checks in place

ü    Customized reports and analysis useful for management review and planning

ü    Enhanced overall risk management on payroll-related matters

ü    Ensures all statutory compliances related to Income Tax, Provident fund etc

ü    Tax management available for expatriates, Indian employees posted abroad, Regional profession tax etc

ü    Customized to ensure compliance with the company’s HR policies

ü    Negligible/nil staff involvement from your side, thereby improving your manpower productivity

ü    Dedicated team and relationship manager

ü    Enhanced experience for employees with real-time access to compensation details including pay-slips, claims status, Income tax deductions, Provident fund, YTD earnings etc

ü    Online query management within stipulated time frame

ü    Calculator for income from sources other than salary

ü    Flexibility to pay annual or pro-rata claim reimbursement

ü    Access to YTD details of compensation and reimbursement claims processed

ü    Security and confidentiality

We also support you in meeting statutory compliances in areas such as:

  • Provident Fund
  • Employee State Insurance (ESI)
  • Regional Profession Tax