We will handle your payroll process with accurate on-time payments, simultaneously managing compliance regulations
The payroll is defined as a list of company employees and a financial record of compensation due to each employee in the form of salaries, wages, bonuses, or deductions. This list of payments is divided up into time frames, including payment per week, fortnight, and month. Payroll processing is the task of managing the payment of salaries and wages by the company to its employees.
Our payroll services enable you to improve your Human resources management. Instead of just giving out paychecks to your employees, we ensure that your company payroll is error-free. Outsourcing this process to our payroll experts, not only saves costs, but it enables you to focus on core tasks, facilitating growth without human resource or infrastructural restrictions. Partnering with us will reduce the total cost of doing business and increase your company’s profits. Our team will assist with the payroll management process in a manner that maximizes salary payouts and minimizes employee cost-to-company (CTC).
In the contemporary era, systematic payroll processing services have become a requisite for every entity with the intent of streamlining payroll procedures, optimizing productivity, and improving payroll management and administration.
Every employer is required to comply with the applicable laws in relation to the employees hired by their organization. Some of the compliances to such laws are outlined hereunder:
Provident fund (PF): Specific periodic returns with respect to the provident fund contributions made are required to be filed by the employers with the prescribed authorities. Our team possesses the knowledge, skill, and experience concerning all the legal requirements. So we can guide you with the systematic legal requirements, including the filing of periodic PF returns.
Employees’ State Insurance (ESI): This is a multidimensional social security system tailored to provide socio-economic protection to worker populations and their dependents. Employers, for whom the ESI scheme is applicable, are required to comply with the provisions designated herein. Our team will assist you by providing professional advice regarding these laws and help you to comply with the procedural requirements before their deadline dates.
Gratuity: The various employer obligations have been laid out under the Gratuity Act, including the provision of a notice of the opening of establishment, the payment of gratuity upon the determination of services of the employee, and the collection of insurance as prescribed by this Act. Our team of trained professionals will advise on the obligations required under the Act. We will also help you to comply with the requirements needed by the Act.
Tax Deducted at Source (TDS): The TDS law directs employers to deduct a certain amount of tax before the employee’s salary is paid. It is mandatory to ensure that the TDS deductions are made before the payroll is initiated. At AJSH, we will assist you with the step-by-step process to deduct taxes, as per the TDS law, from your employees’ salaries. Secondly, we will help you remit these monies to the authorities.
Outsourcing your payroll to our payroll experts will primarily help your company file its tax returns on time, easing the work pressure, reducing the load, and allowing your company to improve on its core business efficiencies. We simplify your payroll complexities and offer all of our clients a highly comprehensive and the best payroll processing services on offer.
We assist our clients with:
» Maintaining payroll records
» Setting up the payrolls
» Running weekly / fortnightly / monthly payroll
» Making payments to employees via direct transfer
» Issuing pay stubs
» Payment of withholding taxes
» Filing of payroll tax returns
» Payroll reportss
» Collection and vetting of investment proof at the end of each years
» Running administration reports such as the payroll register, bank file, variance reports and payroll summaries
» Providing employee reports such as payslips, tax statements & other related statements