PAYROLL STRUCTURING AND PROCESSING

Overview

Payroll processing in India can be complicated with a lot of compliances and laws applicable. Needless to say it is time consuming and cost of making mistake in payroll can be huge which is why corporates are shifting towards outsourcing the Payroll process.

It helps in maintaining compensation confidentiality within organization and automates the entire experience for your employees.

Areas of Practice

Our firm provides following services in regards to payroll structure and processing

  • Consulting on forming a proper salary structure which includes following
    1. Provident Fund
    2. Employee’s State Insurance
    3. Minimum Wages
    4. Bonus
    5. Gratuity
    6. Leave Encashment
    7. Industry standards for deciding components
    8. Exempt Allowances and Perks
    9. TDS
    10. Professional Tax (if applicable)
    11. Salary Slip format
  • Payroll processing - manually or on cloud based software.
  • Labor Law compliances
    1. Provident Fund
    2. Employee’s State Insurance
    3. Gratuity
    4. Bonus
    5. Others
  • Tax return filing for your Employees, Directors.

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H Thakur and Company has delivered quality services with an emphasis on knowledge, research, experience and professionalism.