Payroll Maintainance
An employer, regardless of the number of workers they employ, must maintain all records pertaining to payroll. It includes salaries, wages, net pay, tax deductions, incentives and other statutory requirements like PF (Provident Fund) and ESI (Employees' State Insurance).It also deals with the generation of payslips. With the increase in competition among business enterprises. Human Resources are considered to be the most important part of any company. An HR Payroll Management is beneficial for any kind of business enterprise. Human Resource department performs various activities such as payroll processing, maintaining salary details of every employee in the organization, keeping track of deductions, allowances, and bonuses.
Why Required ?
Payroll software relieves some of the stress at tax time by automatically generating all tax forms that are needed by employees, contractors, and companies. Common tax forms that can be generated.
One of the primary payroll input providers is the employee. He provides information such as income tax saving investment declaration, type of flexible benefit opted, etc.
This helps organisations save time and money on calculating large amounts of data. Also, a few advanced versions have the provision to forecast and plan budgets for what companies spend on each employee.
This enhances an organization’s reputation as a stable employer and also helps in increasing the brand proposition.
Package Includes
• Attendance Management
• Payroll Processing
• Payslips
• TDS Filing of Employees
• Form 16 issuance
• Employees on-boarding Process
• Employee Exit Management
• PF Filing
• ESIC Filing