Payroll Management in India

Are you looking for payroll management services in India, If yes then you are at right place. Accountum India provide complete employee related services of generating offer letter, pay structure decisions, monthly pay slips, monthly filing of provident fund, ESIC, professional tax, employee bonus, welfare fund, leave management, relieving letter, final settlements etc.

Employee payroll management is essential part of company management. Generally it handle by dedicated HR Department, however such department costs to much as most of the time employee of that department stays on idle mode. We Accountum India provide cheap costing solution as alternative of in house HR department. Our HR & Payroll Management includes obtaining license under various labour law. Mostly labour law license are are professional tax license, provident fund license, esic registration, labour license etc., Compliance of filing monthly return under various law & paying monthly salary with all statutory deduction is routine work for payroll management services in India.

Process

Fill the Form

Documention Process

Operational Process

Final Process

Benefits of Getting Payroll Done through Accountum India

Expertise and Accuracy

Enhanced Financial Management

Customized Solutions

Timely Reporting

Regulatory Compliance

Strategic Insight

Benefits of Payroll

Accurate Salary Calculations
Timely Salary Disbursement
Compliance with Tax and Legal Requirements
Reduces Errors and Discrepancies
Streamlined Employee Record-Keeping
Tax Filing and Reporting Efficiency
Automated Statutory Deductions (e.g., PF, ESIC, TDS)
Employee Satisfaction and Trust

Documents Required for Payroll

GENERAL DOCUMENT

Employee Personal Information (Name, Address, Contact, etc.)
Aadhaar Card
PAN Card
Bank Account Details
Salary Structure (Basic, Allowances, Deductions, etc.)
Attendance Records (Leave and Working Hours)
Form 16 (For Tax Deducted at Source – TDS)
PF Registration Details (EPF number)

FAQ :-

What is payroll management?

Payroll management refers to the process of calculating, distributing, and managing employee salaries, benefits, taxes, and deductions.

Why is payroll management important?

It ensures accurate salary payments, compliance with tax laws, avoids legal penalties, and fosters employee satisfaction by ensuring timely and correct payments.

How are employee taxes managed in payroll?

Bookkeeping refers to the process of recordinTaxes are managed by calculating Tax Deducted at Source (TDS) based on the employee's taxable income, applying exemptions, and ensuring timely deposit with the government.g daily financial transactions, while accounting includes the broader process of interpreting, classifying, analyzing, reporting, and summarizing financial data. Accountants use the data collected by bookkeepers to prepare financial statements and provide strategic financial advice.

How are payroll records maintained?

Payroll records are maintained digitally or manually with details of employee salaries, bonuses, deductions, statutory contributions, leave balances, and other employment-related data.

What is the significance of generating pay slips?

Pay slips serve as an official record of salary payments, deductions, and any bonuses or reimbursements, and are important for employees to track their earnings and for tax filing purposes.