This Payroll Processing Service is demanding in commercial sector to keep employee under the proper payroll. This service includes the collection of all the documents of employees. Additionally, this processing service can be availed for small and large man power. We charge lesser price for these processing services.
Maintaining up-to-date employee data: Maintaining an employee master that contains details of all employees like employee code, PAN, grade, salary and other benefits payable, birth date etc.
Maintaining personal files of all employees: Maintaining hard copy files of all the employees containing documents like Appointment letters, approved salary structures, resume, Copy of PAN, copy of certificates submitted at the time of interview, evaluation sheet used at the time of interview etc.
Making monthly payments: Processing monthly payroll and making payments to all employees.
All statutory compliances: Ensuring compliances with Payment of Gratuity act, Provident Fund act, ESIC Act, preparing TDS calculation sheet etc.
Calculation of Incentives: Preparing bonus calculation sheet for statutory bonus payable to employees, calculating performance incentives as per company policies etc.