Payroll and Compliances
Identifying, attracting, and hiring skilled individuals to meet an organization’s workforce needs.
Payroll refers to the process of compensating employees for their work. It involves calculating salary, TDS, PF, ESIC, PT and other deductions, and coordinating with the finance team for payments. Compliance in payroll involves adhering to central and state regulations regarding employee compensation and benefits.
Effective payroll management ensures employees are paid accurately and on time, while compliance ensures the organization avoids legal penalties and fosters a trustworthy work environment.
Ensure employees are compensated accurately and legally
Payroll Processing
The systematic method of calculating and distributing employee salary monthly, creating the right salary annexure.
TDS, PF, ESIC, Bonus, MLWF, Gratuity and PT
The process of deducting the correct compliances from employee salary and remitting them to the appropriate tax authorities.
Benefits Administration
Managing employee benefits that are deducted from payroll like mediclaim, incentives, loan, advances and others
Record Keeping
Maintaining accurate and comprehensive payroll records and reports.
Regulatory Compliance
Ensuring adherence to all relevant laws and regulations governing payroll like minimum wages act, HRA, Bonus, LTA and others
Audit and Reporting
Conducting audits and preparing reports to ensure payroll accuracy and compliance.
POSH
POSH trainings, POSH External Member and filing of POSH returns
Payroll and compliance are critical aspects of human resource management that ensure employees are compensated accurately and legally. Effective payroll processing involves meticulous data collection, salary calculation, and payment distribution, while compliance requires adherence to complex tax laws and employment regulations. By maintaining accurate records, administering benefits correctly, and conducting regular audits, organizations can ensure smooth payroll operations and avoid legal issues.