At CompliaSync, we provide seamless Payroll Management Services that streamline the payroll process for businesses of all sizes. Our services are designed to help organizations ensure compliance with labor laws while optimizing payroll efficiency. From salary calculations to statutory deductions and timely disbursements, we handle every aspect of your payroll with precision and reliability.
Our Payroll Management Services Include:
1. Salary Calculation & Disbursement
We calculate employee salaries based on various factors such as working hours, overtime, bonuses, incentives, and deductions. Our service ensures:
- Accurate salary calculations.
- Timely disbursement of salaries via bank transfers or other preferred payment methods.
- Salary slips generation for all employees, ensuring transparency and record-keeping.
2. Statutory Compliance Management
We ensure that all necessary statutory deductions and contributions are accounted for and paid on time, including:
- Provident Fund (PF): Contribution management and timely filing.
- Employees’ State Insurance (ESI): Accurate deductions and contributions.
- Professional Tax (PT): Monthly and annual compliance.
- Tax Deducted at Source (TDS): Withholding tax calculation and timely deposit.
- Gratuity & Bonus: Calculation and management of gratuity and bonus payments as per statutory regulations.
3. Statutory Reporting & Filing
We handle the filing of statutory returns and reports with relevant authorities, ensuring that your payroll complies with the applicable laws:
- Monthly PF, ESI, PT filings.
- Quarterly TDS returns.
- Annual reports such as the Form 16 for employees and Form 24Q for TDS.
4. Leave & Attendance Management
Our system tracks employee attendance and leave records, ensuring accurate payroll processing for employees:
- Leave encashment calculations.
- Leave balance management (sick leave, casual leave, annual leave).
- Holiday and overtime pay.
5. Payroll Reconciliation
We ensure accurate reconciliation of your payroll with accounting records, ensuring no discrepancies between the amounts paid and the entries recorded in the books of accounts.
6. Full and Final Settlement
When an employee leaves the organization, we handle the Full and Final Settlement (F&F) process, ensuring:
- Accurate settlement of dues such as pending salary, bonuses, gratuity, and leave encashment.
- Compliance with applicable laws regarding the final settlement process.
7. Payroll Software Integration
We use advanced payroll software to automate the payroll process, ensuring accuracy, efficiency, and a streamlined workflow. Integration with your existing accounting and HR systems for a seamless payroll experience.
8. Employee Self-Service Portal
We provide an Employee Self-Service Portal where employees can access their:
- Payslips.
- Leave balance.
- Tax declarations.
- Other payroll-related information.
9. Payroll Audit & Compliance Check
We perform periodic payroll audits to ensure your payroll system adheres to compliance standards. Our audits focus on identifying discrepancies, ensuring proper tax deductions, and confirming that all statutory requirements are met.
Why Choose CompliaSync for Payroll Management?
- Expert Knowledge: We are well-versed in all applicable labor laws and payroll-related regulations, ensuring full compliance.
- Timely and Accurate: We guarantee accurate payroll processing and timely disbursement to prevent any delays or errors.
- Cost-Effective: Our service is designed to minimize payroll errors and administrative costs while maximizing efficiency.
- Data Security: We prioritize the confidentiality and security of employee data with strict security protocols in place.
- End-to-End Service: We provide complete payroll services, from payroll processing to tax filings and compliance management, ensuring you don’t have to worry about any aspect of your payroll.