PAYROLL MANAGEMENT - SCOPE OF WORK
Computerized salary sheets, providing an individual slips, etc.
We also provide the services of processing the Payroll system totally confidential including Leave records monthly & annually, Loan & Advance deduction including out standing every month, Income Tax monthly deduction Form 16
Calculations of arrears as per increments / decrements to be given with effect from any earlier date.
Employee wise increments
Prepaid & Unpaid Salary Accounting
Statutory deductions like those mentioned below are taken of :
P.F., E.S.I.C. ,Professional Tax., Income Tax.
Statutory Reports :
Monthly P.F. Statement.
E.S.I.C. Statement. (Q'ly and H'ly Statements).
Profession Tax Statement
Monthly Reports :
Pay sheet / Stamping / Payslips.
Bank transfer sheets / floppy.
Cash Disbursement Report.
Bonus Processing :
Bonus calculation as per Payment of Bonus Act.
Calculation of Gratuity as required.
Transfer of deductions to and from the Payroll System.
Bonus ,Gratuity Etc. payslips, disbursement reports.
Income Tax Forecasting :
The salary of the employee for the year is forecasted and income tax is calculated thereon for the purpose of deductions every month.
Takes care of various types of perquisites.
Facility of inputting the employees other income, direct investments and other valid deductions.
Income tax(T.D.S.) certificates and Annual Return can be printed out from the system.
i.e. Form 16A