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We will handle your payroll process with accurate on-time payments, simultaneously managing compliance regulations

The payroll is defined as a list of company employees and a financial record of compensation due to each employee in the form of salaries, wages, bonuses, or deductions. This list of payments is divided up into time frames, including payments per week, fortnight, and month. Payroll processing in India is the task of managing the payment of salaries and wages by the company to its employees.

Our payroll processing services in India enable you to improve your Human resources management. Instead of just giving out paychecks to your employees, we ensure that your company payroll is error-free. Outsourcing this process to our payroll experts, not only saves costs, but it enables you to focus on core tasks, facilitating growth without human resource or infrastructural restrictions. Partnering with us will reduce the total cost of doing business and increase your company’s profits. Our team will assist with the payroll management process in a manner that maximizes salary payouts and minimizes employee cost-to-company (CTC).

In the contemporary era, systematic payroll processing services have become a requisite for every entity with the intent of streamlining payroll procedures, optimizing productivity, and improving payroll management and administration.

Every employer is required to comply with the applicable laws in relation to the employees hired by their organization. Some of the compliances to such laws are outlined hereunder:

Provident fund (PF): Specific periodic returns with respect to the provident fund contributions made are required to be filed by the employers with the prescribed authorities. Our team possesses the knowledge, skill, and experience concerning all the legal requirements. So we can guide you with the systematic legal requirements, including the filing of periodic PF returns.

Employees’ State Insurance (ESI): This is a multidimensional social security system tailored to provide socio-economic protection to worker populations and their dependents. Employers, for whom the ESI scheme is applicable, are required to comply with the provisions designated herein. Our team will assist you by providing professional advice regarding these laws and help you to comply with the procedural requirements before their deadline dates.

Gratuity: The various employer obligations have been laid out under the Gratuity Act, including the provision of a notice of the opening of establishment, the payment of gratuity upon the determination of services of the employee, and the collection of insurance as prescribed by this Act. Our team of trained professionals will advise on the obligations required under the Act. We will also help you to comply with the requirements needed by the Act.

Tax Deducted at Source (TDS): The TDS law directs employers to deduct a certain amount of tax before the employee’s salary is paid. It is mandatory to ensure that the TDS deductions are made before the payroll is initiated. At MAS, we will assist you with the step-by-step process to deduct taxes, as per the TDS law, from your employees’ salaries. Secondly, we will help you remit these monies to the authorities.

Outsourcing your payroll to our payroll experts will primarily help your company file its tax returns on time, easing the work pressure, reducing the load, and allowing your company to improve on its core business efficiencies. We simplify your payroll complexities and offer all of our clients highly comprehensive and the best payroll processing services on offer.

We assist our clients with:

  • Maintaining payroll records
  • Setting up the payroll
  • Running weekly/fortnightly / monthly payroll
  • Making payments to employees via direct transfer
  • Issuing pay stubs
  • Payment of withholding taxes
  • Filing of payroll tax returns
  • Payroll reports
  • Collection and vetting of investment proof at the end of each year
  • Running administration reports such as the payroll register, bank file, variance reports, and payroll summaries
  • Providing employee reports such as payslips, tax statements & other related statements

FAQs

What does payroll processing involve?

Processing payroll means compensating employees for their work. It involves calculating total wage earnings, withholding deductions, filing payroll taxes, and delivering payments.

Does outsourcing payroll cost more than doing it yourself?

No, there’s a very good chance that you can save money by outsourcing your payroll operations. For example, figure out how many hours your employees are devoting to payroll-related activities, calculate how much you’re spending, and compare the amount to the plans offered by several payroll-services providers. Also, be sure to factor in the money your business spends on payroll software and other tasks like creating tax documents. You’ll probably be surprised by the result.

Is it more productive to outsource payroll?

Yes, it is not just about all the time it takes to do the payroll, but when it is due to be done. At this time all other tasks take second place. Your staff could be working on solving a client’s problem or developing new business.

Why is payroll processing important and what are the compliances required for it?

Payroll is one of the most important aspects of business. It affects employee morale and reflects a business’s financial stability and reputation.

How important is accuracy in payroll accounting?

Accurate payroll accounting is important to businesses of all sizes. Avoiding sloppy payroll accounting ensures accurate tax returns, reduced cost from accountant untangling, and no omissions of valuable tax deductions.

In which countries do we offer BPS payroll services?

Apart from India, we do cater employees to the U.S, U.K, Australia and Canada.

How can we get a quote for service?

We are happy to give you a free estimate. You can call or email us.

Is the payroll outsourced service secure?

It is certainly more secure than an in-house solution by a considerable margin through:

  • Loss of data
  • Confidentiality
  • Payroll fraud
What services do you offer under payroll processing?

At MAS, we assist you with maintaining payroll records, setting up the payroll, filing of payroll tax returns, payroll reports, collection and vetting of investment proof at the end of each year, running administration reports such as the payroll register, bank file, variance reports and payroll summaries, providing employee reports such as payslips, tax statements & other related statements.

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