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. Incorrect tax deduction or a delay in meeting the tax compliance deadlines result in huge penalties. Companies every year waste a lot of productive hours and energy in revise returns filing and replying to the default tax notices.
Payroll outsourcing services thus becomes the ideal solution to this monthly mandatory activity of payroll processing for companies. Companies today prefer outsourcing payroll to a dedicated team of professionals with extensive knowledge of payroll management and compliances.
As a payroll management service provider we assure you to meet this challenge by offering its clients a complete payroll outsourcing solution taking into consideration their need for an accurate payroll process, ensuring compliance deadlines and maintaining data confidentiality.