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Payroll Outsourcing

Sriganga offers Payroll Services & HR Outsourcing Services for recruiters and employers of all sizes. Our comprehensive outsourcing services provide professional, highly cost effective and easy to use back office support.

If you are spending unreasonable amount of time, energy and resources managing your payroll challenges, then you should consider Salary outsourcing.

Sriganga - really can save your valuable time & money when you hire us for your company. Naturally, we will provide your company standard and custom made payroll reports in any format for your parties, giving you the opportunity to validate data at any step to confirm complete accuracy. We can even create the journal entries to make life simpler for your accounts team. We also help you to complete your statutory compliances such as TDS, PF, ESIC, Payment of wages under Factories Act, Minimum Wages Act, Bonus Act and Labour Welfare Funds. Salary outsourcing is an inexpensive way to take away these burdens, because it is a time-saving and cost-effective alternative to internal salary processing. Our team has over 10 years of experience providing high quality services to different types of companies across India.

What we do in Payroll Processing

It generally include the following details:

  • Basic Payroll Services
  • Statutory Compliances
  • Other Services

Salary Certification to employees annually (Presently in Form No.16/12B). Statutory Reports needed for compliance with the various Statutory bodies:

  • Form 24 (Income Tax)
  • Form 12 BA (Perquisites)
  • Section 217 (Companies Act - attachment to the directors report)
  • Professional Tax Return
  • Professional Tax statements
  • Employee Welfare Scheme Reports
  • Monthly income-tax statement and challan
  • Annual Salary Statements
  • PF ECR File Generation
  • Online ESI Challan
  • Maintenance of all statutory registers required by the Statutory bodies.
  • Statutory Compliance: Employees Provident Fund ( EPF ), Employees State Insurance Corporation ( ESIC ), Profession Tax, Income Tax, (TDS) Calculations & etc.
  • Labour Welfare Fund
  • upload / transfer files in the required format as given by the bank
  • Statutory reports – Form 16, 12BA, Q24, 27A
  • Income tax computation reports
  • Different types of Payroll Reports

Other MIS reports as per client requirements. It may include the following:

  • Company loan reports, Department-wise/ grade-wise employee cost reports
  • Consolidated Salary Summary, Pay Register, Net Pay Advice
  • Journal Voucher for accounting purposes according to the format defined by the company (Cost center / Profit center wise)
  • Managerial remuneration reports as required under the Companies Act
  • Reimbursement balances reporting on monthly basis
  • All annual reports
  • Negative Salary Report
  • Payroll Differences Report - find the difference between previous and current payroll
  • Employee Reconciliation Report - to ensure that you have processed payroll for the correct employees
  • Compensation Item Statement - Monthly
  • Compensation Item Statement - Consolidated
  • YTD Statement - Year to Date Earnings and Deductions for each employee
  • YTD Summary Report - Summary of YTD Earnings and Deductions for all employees
  • Arrears Report
  • Settlement Report

Employee Support Services System

  • Employees may be provided with web-based solutions to facilitate viewing and printing of their salary slips and tax computations
  • Tax and Payroll queries of the Employees are handled through dedicated email supports and telephones in a defined time frame
  • Help desks at clients location is also organized at regular intervals to address any tax or payroll related matters
  • Annual Tax filing of tax returns facility may also be provided at Nominal professional charges

Monthly Processing includes the following activities:

  • Maintaining master data base of all employees.
  • Entering attendance data, Leaves, Overtime, Monthly Reimbursements, and changes in salary if any
  • Help desks at clients location is also organized at regular intervals to address any tax or payroll related matters
  • Maintaining Masters towards recovery of Loans as deduction from monthly salary.
  • Calculations and deductions of Correct Tax Deducted at Source from the salaries of Employees.
  • Processing of HR and Pay particulars for new joinees from offer letter.
  • Preparation and Processing of payroll.
  • Salary output and variance statement to be verified and authorized.
  • Disbursements of salary to employees via power pay accounts.
  • Distribution of Pay slips to employees
  • Submission of PF, ESI, TDS, Professional Tax advice to Finance Department to make necessary cheque for deposit of the same to the credit of central Government, and other relevant details in case of PF for complying with PF monthly formalities.
  • Preparation of full and final settlement of employees and settlement of the same based on the company policies.

Quaterly Processing includes the following activities:

  • Quarterly filling of TDS Returns in Form 24 Q for the group.

Half Yearly Processing includes the following activities:

  • Conduct half yearly audit of complete payroll process to ensure correct data processing and compliance of company’s policies and procedures by a team of chartered accountants and other qualified staff not involved in the day-to-day processing of salary.

Annual Processing includes the following activities:

  • Updation of annual compensations and benefits review of the all the employees.
  • Forwarding of Declarations and incorporating the same in calculating TDS on salaries.
  • Verifications of proof of investments in tax saving schemes as declared by the employees in the declaration forms and incorporating the same in the master files of employees.
  • Preparation of Form 16 and Dispatch the same to the concern employees.

Outputs - We will provide you on monthly, quarterly or annual basis. Pay-slips (printed, emailed or net based).

  • Payroll Summary as a whole or Employee basis
  • Different types of monthly Reports
  • Payslips ( Soft / Hard )or by email
  • Statement of Tax Deducted
  • Statement of Advances Deducted
  • Other Deduction
  • TDS Challan on a Monthly Basis
  • Computation of Annual Bonus as instructed by the management
  • Gratuity calculation
  • Professional Tax
Looking for: PF Consultant | ESI Consultant | Labour Law Consultant | Payroll Outsourcing | Payroll Consultant | Factory Act | Bonus Act | Minimum Wages
Locations: Delhi | Noida | Gurgaon | Ghaziabad | Mumbai | Lucknow | Jaipur | Chandigarh

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phone011-47065642 mobile9999995481-82 sales@sriganga.com