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Payroll Processing
• Cloud based Payroll Processing
• Employee Self service portal
• Processing of Payslips/Tax Computation
• Processing of Form16
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Cloud based Payroll Processing
Managing your company’s payroll doesn’t have to be an administrative nightmare. The bigger the enterprise though, the more onerous the job is. Payroll managers at multi-national organisations have to pay close attention to a variety of factors like local legislation and regulatory requirements – as well as be available to employees across various time zones.
Employee Self service portal
Watch trust and motivation levels go up when employees gain access to the employee portal and have online access to their payroll and other information. There are endless rewards to reap - better communication, standardised processes, faster turnaround times, transparency, engagement and superior quality. What’s more, we have a nifty mobile app for the ESS portal for anytime, anywhere access.
Processing of Payslips/Tax Computation
Payroll processing consist of calculation of payments to employees for their work in the company – whether it is based on time or productivity, calculation of benefits, and statutory deductions. Payroll needs to be processed by each company periodically. It may be processed weekly, bimonthly, monthly or daily
Processing of Form16
Form 16 is a certificate issued under section 203 of the IT Act for tax deducted at source from salary. It is a detailed record of Income Tax. deducted from the salary of the employee by the employer. It is also known as a Salary Certificate since it also contains the complete details of salary paid by the employer, its components and as well as the tax deducted from salary. It is issued by the employer even when there is no tax deduction from the salary of the employee.
