Payroll Processing

Benefits experienced by our clients:

• Accuracy and timely processing
• Employee’s satisfaction due to faster query resolution
• Confidentiality of Payroll information
• End to end solution covering all the statutory compliances
• Web based employee self service portal

Scope covered under Payroll processing

• Preparation/Creation of Masters of employees.
• Structuring of employee compensation for tax optimization.
• Compilation of Investment Declaration from applicable employees (as per the tax bracket) at the beginning of Year.
• Calculation of Tax Liability of each employee in advance and start deducting withholding tax.
• Deduction and deposit of TDS, PF & ESI and filing of return as per the applicable laws.
• Salary Processing on a specified date.
• Preparation of detail for Direct Transfer to Bank a/c (as applicable).
• Advising CPI about adequate insurance coverage for it’s employees in India.
• Processing reimbursement claim of expense which is part of their salary i.e. Medical, LTA, Telephone/Mobile bill.
• Handling of employees queries.
• Final calculation of withholding tax at the year end on the basis of actual investment proof.
• Full & Final settlement of employees leaving the Company
• Issuance of Form 16 to each employee within the stipulated time period.

Transition process:

Our payroll solution at a glance:

Compliances covered:

How do we ensure to deliver what we commit?

Standard reports shared with clients

• Monthly payroll register
• Bank payment advise
• Variance analysis
• Accounting entry for expense and payment
• Status of reimbursement claimed related to payroll

Our sample SLA’s (Service Level Agreements):

• Payroll processing: 2-3 working days from the date of providing complete info
• MIS: 2-3 working days from date of sending Bank Advise
• Query response: within one working day