Managing a business’s payroll can be cumbersome, time-consuming, and costly. While certifying accurate and timely payment of salary is essential to any business, adhering to various laws and regulations, such as labour law, Social Security, and other statutory compliances, is also critical. Managing an efficient payroll system is crucial for all businesses and CPA firms.
Indus Fincorp has a 100% accurate and timely payroll management process for its clients from all over the globe. With years of experience dealing with diversified business profiles, we have handled payroll for extensive manpower.
Master Details: Employee IDs, Employee Personal Details, Educational Qualifications, Increments, Entitlements, Perquisites, etc.
Transactional Details: Employee Attendance, Advances, Deductions, etc.
For each employee, the gross pay, net pay, tax, social security deductions, and other statutory deductions are calculated as per the law of the country. A detailed payroll analysis is provided for the business's cost analysis.
Payslip preparation for each employee with a detailed breakdown of the computed salary after deductions required as per the law of the state.
Processing net salary transfers to the bank accounts of the employees.
Online submission of employee-related compliance statements to various authorities before the statutory deadlines as per state requirements.