Payroll

Why Payroll Management System?

To have the vigorous functioning of an institution, an effective Payroll system is a must factor. Already patterned payroll system can avoid the stress made during the month end.

To the Law

You get assistance in each step:

1. Structuring Payroll

   By having an expert assistance in structuring the payroll, the employees could maximize the tax amount. Also, should be biased with the rules and regulations by various Central and State level.

2. Documenting

   You could have a well-established/professionalised HR documents like offer letter and appointment letter, employment contract and many more.

3. TDS

   All the employees earning a taxable amount should have the TDS deduction on salary. The responsibility of filing for TDS and pledging the TDS deduction for the employees is of the employer.

4. Form 16

   Employees qualifying for the tax deduction must be served with the Form 16, in the authorized format.

5. e-filing for Income Tax

   On each year, employees having a salary of taxable amount should file income tax return. License centre file free e-filing for the employees in your firm.

6. Provident Fund

   An organization running with a minimum of 20 employees should offered by the PF. Employers cab deduct an amount from their salary under PF regulation.

7. Employee State Insurance

   An organization with a minimum of 10 employees given a remuneration of less than 21000/month must register for ESI and should obey the ESI regulations.

8. Professional Tax

   The tax imposed on the income by the State government. This is to be paid by the employer.

Recent Updates

HR & Payroll Service is Likely to Witness Tremendous Growth by 2027

24th May: Several big players like I-Admin Payroll HR Services, NGA Human Resources, Xerox Corporation, Accenture PLC, ADP, LLC, and Paychex are expected to witness significant growth as HR & payroll sector is likely to see a jump says, a report by Insight Partners, a private equity firm.

Deel bags $14 Million Funding

25th May: It's good news for Deel, a San Francisco based start-up operating in payroll for remote working teams. In Series A funding round, it received $14 million.