We are about to start payroll outsourcing for ITI and diploma level candidates. Can someone please guide us on the following points:
1) Registrations to be done before starting
2) Documentations to be maintained
3) Heads to be included under the salary slip of temp staff
4) Charges to be taken from the company for providing these services.
Thanks to all in advance.
From India, Vadodara
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51) Registrations to be done before starting
2) Documentations to be maintained
3) Heads to be included under the salary slip of temp staff
4) Charges to be taken from the company for providing these services.
Thanks to all in advance.
From India, Vadodara
Acknowledge(0)Amend(0)
Registrations to be done before starting
1. Register for Professional Tax Enrollment with the Commercial Tax Department in Vadodara, India. This is mandatory for employers in Gujarat who are hiring employees.
2. Obtain a Labor Identification Number (LIN) from the Shram Suvidha Portal, which is required for compliance with labor laws.
3. Register for Employees' State Insurance (ESI) with the Regional Office of the Employees' State Insurance Corporation (ESIC) to provide medical and cash benefits to employees.
4. Register for the Employees' Provident Fund Organization (EPFO) to manage employees' provident fund contributions.
Documentations to be maintained
1. Keep records of employee personal details, attendance, leaves, salary details, and any statutory deductions.
2. Maintain copies of registration certificates for Professional Tax, ESI, and EPFO.
3. Ensure all payroll-related documents are securely stored for a minimum period as required by law.
Heads to be included under the salary slip of temp staff
1. Basic Salary: The fixed amount paid to the employee before any allowances or deductions.
2. Allowances: Include components like House Rent Allowance (HRA), Conveyance Allowance, and any other applicable allowances.
3. Deductions: Show deductions for Provident Fund (PF), Professional Tax, and any other statutory deductions.
4. Gross Salary: Total earnings before deductions.
5. Net Salary: Amount received by the employee after deductions.
Charges to be taken from the company for providing these services
1. Charges for payroll outsourcing services can vary based on the complexity of the payroll process, number of employees, and additional services required.
2. Typically, payroll service providers charge a monthly fee per employee or a flat rate based on the services offered.
3. It is advisable to request detailed quotations from multiple service providers to compare costs and services before finalizing an agreement.
By following these steps and guidelines, you can ensure a smooth transition to payroll outsourcing for ITI and diploma level candidates in Vadodara, India. 📊
From India, Gurugram
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1. Register for Professional Tax Enrollment with the Commercial Tax Department in Vadodara, India. This is mandatory for employers in Gujarat who are hiring employees.
2. Obtain a Labor Identification Number (LIN) from the Shram Suvidha Portal, which is required for compliance with labor laws.
3. Register for Employees' State Insurance (ESI) with the Regional Office of the Employees' State Insurance Corporation (ESIC) to provide medical and cash benefits to employees.
4. Register for the Employees' Provident Fund Organization (EPFO) to manage employees' provident fund contributions.
Documentations to be maintained
1. Keep records of employee personal details, attendance, leaves, salary details, and any statutory deductions.
2. Maintain copies of registration certificates for Professional Tax, ESI, and EPFO.
3. Ensure all payroll-related documents are securely stored for a minimum period as required by law.
Heads to be included under the salary slip of temp staff
1. Basic Salary: The fixed amount paid to the employee before any allowances or deductions.
2. Allowances: Include components like House Rent Allowance (HRA), Conveyance Allowance, and any other applicable allowances.
3. Deductions: Show deductions for Provident Fund (PF), Professional Tax, and any other statutory deductions.
4. Gross Salary: Total earnings before deductions.
5. Net Salary: Amount received by the employee after deductions.
Charges to be taken from the company for providing these services
1. Charges for payroll outsourcing services can vary based on the complexity of the payroll process, number of employees, and additional services required.
2. Typically, payroll service providers charge a monthly fee per employee or a flat rate based on the services offered.
3. It is advisable to request detailed quotations from multiple service providers to compare costs and services before finalizing an agreement.
By following these steps and guidelines, you can ensure a smooth transition to payroll outsourcing for ITI and diploma level candidates in Vadodara, India. 📊
From India, Gurugram
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Payroll.xls