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Typical Scope of Payroll Processing Services

Set-Up Phase
Creation of the Employee Compensation Master database in the designated Payroll Software package
Transfer of payroll data for past months as required to facilitate preparation of the annual PF return
Trial/ parallel run of monthly payroll processing for one/two months

Routine Monthly Processing
Computation of gross and net monthly salary based on the salary structure as per the Employee Compensation Master Database, after incorporating data on attendance, deductions from salary and leave provided by the Client
Processing duly authorized re-imbursements and incremental payments such as bonus/ ex-gratia forming part of the employee CTC
Generating monthly salary slips which are made available in soft/ hard copy form to the Client
Computation of tax required to be deducted at source on salary payments at semi-annual intervals, after taking into account employee investment declarations made available by the Client in soft form
Sending data for processing monthly payments of ESIC, PF and Profession Tax (as applicable)
Compiling data for the PF, ESIC, Profession Tax and Salary e-TDS Returns in the required format and sending the same to the Client / its consultants for filing (as applicable)
Preparation of the annual Form 16 for employees, as relevant
Payroll query management through the Client Co-ordinator
Processing final settlements in relation to termination of appointments/ staff resignations