Why Outsource Payroll?
One of the most time consuming functions of any company's human resources department is payroll. With more and more companies looking for ways to remain competitive in today's business environment, it is not surprising that outsourcing the entire payroll operations has become an increasingly popular option.
Benefits of Outsourcing:
Cut down on costs
Avoid IRS penalties
Focus on core business objectives
Offer direct deposit
Leverage the payroll expertise of your vendor
Alleviate the pain of handling payroll
Our Payroll processing services are:
Cost effective
Comprehensive
Confidential
Accurate
Timely
We handle the entire Payroll processing from start to finish:
Maintenance of employee database
Monitoring of Leave & Attendance inputs
Pay computation
Generation of Employee Payslips
Generation of Pay summary
Monitoring Statutory compliances with labour laws like PF, ESI, etc.
Monitoring compliances with Tax laws, including Income Tax, Professional Tax, etc.
Generation of Monthly & annual returns to be filed under various statutes
Income Tax computation for employees
Monitoring of Tax deduction at source for employees
Structuring & Monitoring of employee perquisites & annual benefits like LTA, Medical allowance, Gratuity, Bonus , etc contd…
Employee Compensation structuring and Employee Tax Planning
Structuring of incentive schemes and Employee Stock Option Schemes
Generation of MIS & other reports on employee compensation
About our Payroll software :
The software captures comprehensive payroll data including:
Features of Payroll Software
Easier to manage Database
Mature solution with strong references
Work with the leader in Payroll software and continues to invest and innovate
Flexi Reimbursement
ESS (Employee Self Service)
Report Generator (Own designed format)
Special Features:
Digitally Signed Form16
Parametric Driven Income Tax, Profession Tax, Provident Fund and ESIC rules
Easy upgrades
Import / Export utility
Arrears calculation
Generate all Statutory forms and reports
Data Security :
Our Payroll software is tested & proven by all IT security norms.
Inputs received are stored in Data Server at Centralized Location , and are password protected to identified users.
The Web & Database Servers running are protected with Firewall and Antivirus softwares
Regular(Weekly/Monthly) backups of the data are taken at in & out of payroll processing unit.
Data security & confidentiality is assured:
Complete confidentiality will be maintained.
The reports will be sent to you in either soft copy or hard copy form, whichever you prefer.
Regular backups are taken to ensure data is not lost.
We have a reliable & dedicated internet service provider to transfer the data back & forth with accuracy and timeliness
Steps to ensure Perfection :
Step 1: Reconciliation of No. of Employees for whom the payroll is processed for the month through the system.
Step 2: Net/Gross salary for Current month is reconciled with the preceding month by the System to know the Effect of Variance due to the inputs fed into system.
Step 3: 3 out of 50 Employee’s pay will be taken at random and cross verified with the inputs.
Why Us ?
The entire Payroll Processing is done by experienced,qualified and competent professionals with domain expertise in payroll processing, accounting & related tax issues.
We employs high quality professionals at each stage of the assignment to ensure error free delivery.
The entire process is done on the basis of set procedures, controls, check lists and activity charts
We can also offer help desk to the HR Dept to clarify employee related queries reg taxation, payroll etc
For any further queries & clarifications please feel free to contact us.
Thanks,
Kishan Sharma
Email:sales@kvision.in
M:+91-9711188041
One of the most time consuming functions of any company's human resources department is payroll. With more and more companies looking for ways to remain competitive in today's business environment, it is not surprising that outsourcing the entire payroll operations has become an increasingly popular option.
Benefits of Outsourcing:
Cut down on costs
Avoid IRS penalties
Focus on core business objectives
Offer direct deposit
Leverage the payroll expertise of your vendor
Alleviate the pain of handling payroll
Our Payroll processing services are:
Cost effective
Comprehensive
Confidential
Accurate
Timely
We handle the entire Payroll processing from start to finish:
Maintenance of employee database
Monitoring of Leave & Attendance inputs
Pay computation
Generation of Employee Payslips
Generation of Pay summary
Monitoring Statutory compliances with labour laws like PF, ESI, etc.
Monitoring compliances with Tax laws, including Income Tax, Professional Tax, etc.
Generation of Monthly & annual returns to be filed under various statutes
Income Tax computation for employees
Monitoring of Tax deduction at source for employees
Structuring & Monitoring of employee perquisites & annual benefits like LTA, Medical allowance, Gratuity, Bonus , etc contd…
Employee Compensation structuring and Employee Tax Planning
Structuring of incentive schemes and Employee Stock Option Schemes
Generation of MIS & other reports on employee compensation
About our Payroll software :
The software captures comprehensive payroll data including:
Features of Payroll Software
Easier to manage Database
Mature solution with strong references
Work with the leader in Payroll software and continues to invest and innovate
Flexi Reimbursement
ESS (Employee Self Service)
Report Generator (Own designed format)
Special Features:
Digitally Signed Form16
Parametric Driven Income Tax, Profession Tax, Provident Fund and ESIC rules
Easy upgrades
Import / Export utility
Arrears calculation
Generate all Statutory forms and reports
Data Security :
Our Payroll software is tested & proven by all IT security norms.
Inputs received are stored in Data Server at Centralized Location , and are password protected to identified users.
The Web & Database Servers running are protected with Firewall and Antivirus softwares
Regular(Weekly/Monthly) backups of the data are taken at in & out of payroll processing unit.
Data security & confidentiality is assured:
Complete confidentiality will be maintained.
The reports will be sent to you in either soft copy or hard copy form, whichever you prefer.
Regular backups are taken to ensure data is not lost.
We have a reliable & dedicated internet service provider to transfer the data back & forth with accuracy and timeliness
Steps to ensure Perfection :
Step 1: Reconciliation of No. of Employees for whom the payroll is processed for the month through the system.
Step 2: Net/Gross salary for Current month is reconciled with the preceding month by the System to know the Effect of Variance due to the inputs fed into system.
Step 3: 3 out of 50 Employee’s pay will be taken at random and cross verified with the inputs.
Why Us ?
The entire Payroll Processing is done by experienced,qualified and competent professionals with domain expertise in payroll processing, accounting & related tax issues.
We employs high quality professionals at each stage of the assignment to ensure error free delivery.
The entire process is done on the basis of set procedures, controls, check lists and activity charts
We can also offer help desk to the HR Dept to clarify employee related queries reg taxation, payroll etc
For any further queries & clarifications please feel free to contact us.
Thanks,
Kishan Sharma
Email:sales@kvision.in
M:+91-9711188041