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Payroll Compliance Services
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The importance of payroll in an organisation. Payroll is an integral part of all organisations. The payroll department is not only responsible for employees'' salary compensation, but it also plays a vital role in protecting the company''s reputation by ensuring compliance with various legislations.
Payroll management is not just computing the salaries payable to the employees. It also involves computation of income tax deductions, handling contentious issues like supporting documents for medical reimbursements, conveyance expenses, HRA, PF/ESI, leave travel assistance etc.
Accountsmann offers a wide range of Payroll Compliance Services that includes -
Provident Fund Registration,
Monthly Return and Compliance
Employees’ State Insurance (ESI) Registration, Monthly Return and Compliance
Professional Tax (PTRC) Registration,
Return and Compliance
Labour & Employment Law
Payroll Processing &
Income Tax Management Services
The Payroll function is one of the fundamental functions of any organisation. At the basic level, it ensures that all employees receive their wages. In practice, the payroll function extends to a fairly wide range of administrative and labour issues.
Payroll compliance is the consolidated set of activities involved in the production of the payroll, capturing the data and controlling it along with the calculation of allowances, deduction, benefits and the net wages.
At the heart of any successful business are your employees. Employees are not like other expenses. Employees can give you a competitive advantage in the industry. They can turn one-off customers into repeat business and help to grow your brand.
Employee Provident Fund is a very important tool of retirement planning. The tax free interest (compounding) and the maturity ensures a good growth of your money. If continued for a very long term, it can help immensely in meeting ones retirement goal. But while fulfilling other goals or during emergencies, we fall short of funds even after taking all recourse and do force borrowing. At this moment EPF can be helpful due to certain benefits it provides which most of us are unaware of.
The employees registered under the Employees'' State Insurance scheme are entitled to medical treatment for themselves and their dependents, unemployment cash benefit in certain contingencies and maternity benefit in case of women employees. In case of employment-related disablement or death, there is provision for a disablement benefit and a family pension respectively.
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