Payroll Process Outsourcing
Payroll Processing
Payroll processing is the backbone of any payroll outsourcing firm, ensuring employees are paid accurately and on time while keeping the business fully compliant with tax and labour laws. For a payroll‑outsourcing company, this goes well beyond basic salary calculation; it covers end‑to‑end management of data, deductions, statutory filings, and reporting.
Key Indicators:
- Employee data management: Collecting and maintaining employee details (joining date, designation, basic pay, allowances, deductions, bank details, etc.) and managing onboarding and offboarding (joining, relieving, and final settlements).
- Salary and allowance calculation: Computing basic salary, house rent allowance, conveyance, overtime, bonuses, and other components, plus reimbursement processing and arrears.
- Statutory deduction and compliance: Automatic calculation of TDS on salary, Provident Fund (PF), Employees’ State Insurance (ESI), professional tax, and other statutory deductions, followed by timely deposits and e‑filings.
- Payslip generation and disbursement: Generating error‑free payslips, arranging salary credit via NEFT/RTGS, and managing payroll for multiple locations, entities, and payroll cycles (monthly, bi‑weekly, etc.).
Value‑add services for clients
Attendance & Leave Management:
-Attendance data (from biometric, RFID, mobile GPS, or web login) is collected, validated, and reconciled with shifts, late‑ins, early‑outs etc.
-An online leave‑management system tracks leave‑balance accruals, leave‑taken (paid, unpaid, sick, maternity, etc.), and encashments as per company policy and labour laws
- Self‑service and transparency: Providing employees and HR with self‑service portals to view payslips, PF/ESI details, TDS certificates, leave balances, and tax declarations.
- Reporting and analytics: Delivering payroll MIS reports, tax‑related summaries, and year‑end reports (Form‑16, Form‑26AS, PF/ESI reconciliations) to support management decisions and audits.
For a payroll outsourcing firm, the core message is
“We turn payroll from a high‑risk, time‑consuming task into a smooth, accurate, and fully compliant process, so your business can focus on growth instead of calculations.”
Payroll Processing - Modules
- Cloud based ESS Portal
- Payroll Compliance module
- Leave & Attendance Module
- Monthly Pay slips, Tax slips, Reimbursement slips
- CTC Reimbursement Claim
- F&F Settlement Process
- Investment Declaration Module
- Flexi Benefit Plan
- Finance Report Payroll JV’s
- Employee Expenses Module
- Reports, MIS & Journal Vouchers
- Query management system with defined TAT and escalation matrix
- Salary TDS Return filing module
- Digital Form 16/12BA
