Managing payroll is a critical function that requires specialization and a deep understanding of applicable laws. To address this need and ensure confidentiality and efficiency, PKP offers a comprehensive range of payroll services.
Benefits of Partnering with TVM:
- Error-Free Reporting: Receive consolidated, accurate documents and reports with enhanced business intelligence and analytics.
- Risk Reduction: Minimize risks and simplify employee payroll management.
- Resource Optimization: Improve resource management, reduce infrastructure investment, and streamline deployment.
- Employee Lifecycle Support: Manage the entire employee payroll lifecycle, from joining to exit.
- Compliance Assurance: Lower compliance risks and avoid penalties.
- Query Resolution: Provide prompt resolution of employee payroll queries.
Our Payroll Services Include:
- Monthly Payroll Processing : Handle payroll processing according to the latest legislative updates.
- Investment Declarations : Process and update investment declarations for new employees.
- Legal Compliance : Ensure accurate processing of compliance requirements, including Provident Fund (PF), Employee State Insurance (ESI), Professional Tax (PT), and Labour Welfare Fund.
- Reimbursements and Arrears : Process reimbursements and arrears by validating claims and integrating them with payroll data.
- Final Settlements : Handle full and final settlements, including leave encashment and other payments/tax deductions.
- Tax Liability Calculation : Calculate employee tax liabilities based on provided declarations.
- Withholding Tax Compliance : Ensure compliance with withholding tax provisions, including deductions, payments, and returns.
- Salary Slips and Form 16 : Disseminate monthly salary slips and annual Form 16 to employees.
- Salary Structuring : Assist in structuring salaries with breakdowns into various components.
Outsource your payroll management to us to ensure accuracy, compliance, and efficiency while allowing you to focus on your core business activities.