It requires lot of time and resources to manage multiple payroll functions manually in an error free manner. Streamlining your payroll services with ClearTax can resolve all this in one go. It can help you manage and track monthly payslips, TDS and PT returns for all employees in less time with more accuracy. We will also provide free Form 16 at the end of the year with this plan. This plan is suitable for mid-size businesses or SMEs up to 50 employees.
The payroll management process, in a nutshell, refers to the process of administration of a company’s employee’s financial records. This would include details of the employee’s salaries, incentives, bonuses, deductions, and net pay. An employer must maintain and keep these records as dictated by the law. Not complying with the Income Tax laws pertaining to employee records can be grounds for legal consequences.
Should be able to generate automatic payrolls Should help in creating accurate and fast Invoices and quotes Should be useful in filing Tax forms Must contain basic tax reporting tools Must contain tools for Vendor and contractor payments Should be easy to integrate with other in-house software Should make compliance easier
It is a system used by the companies to help handle the computation and maintenance of records of employee’s salaries in an efficient and effective manner. All the information is collated in one place which makes report generation easier.
The major benefits you would get are: 1. A complete package of payroll services. 2. No hidden charges and costs. 3. Expert assistance and advice across all relevant areas. 4. Efficient services offered by a dedicated team.
Outsourcing your payroll to a reliable third party service provider makes the task easier since all the elements of payroll and the associated compliance are handled by a team of experts.
Our team is responsive and understands the essence of time.They will constantly work towards resolving issues in a swift manner.