Payroll

Payroll accounting and payroll management involves tracking and calculating the compensation due to your employees.

Why Choose us ?

Request Quote Now


Payroll

Payroll accounting and payroll management involves tracking and calculating the compensation due to your employees. It has a significant impact on your business in both tangible and intangible ways. We ensure compliance with all employment and wage regulations and also offer expert advice on drafting employment contracts.

Our Expertise on Notices:

We represented a client in a case pertaining to Section 7A of the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952, and successfully reduced claims by 60%. We successfully represented a client in a case pertaining to the waiver of backdated coverage for employer’s contribution under PF/ESI.

What We Do

SALARY

We offer payroll services in terms of structuring salaries, compiling salary statements, initiating salary payments and issuing pay slips. Large scale companies have a tough time tracking employee compensations, deductions, and bonuses. We help streamline this process for smooth functioning of the payroll process.

TAX DEDUCTED AT SOURCE (TDS

Several MNCs and large companies find it difficult to calculate TDS for their workforce. There may also be instances where employees are unclear or dissatisfied with the TDS calculated – this is where we step in. We advise employees about TDS deduction, how it should be calculated, the process to be followed for year-end verification and adjustment of short or excess TDS, which ensures compliance for the Company.

STATUTORY SERVICES

Our outsourced payroll services include statutory compiling, filing, maintaining payroll related statutory like Provident Fund (PF), Employees’ State Insurance (ESI), Professional Tax (PT) and Tax Deducted at Source (TDS). We ensure financial transactions meet all legal requirements according to statutory laws.

ADVICE TO EMPLOYERS AND EMPLOYEES

Along with performing payroll management activities, we act as payroll consultants. You can talk to our experts about any doubts you may have in matters related to payroll.

ESIC

Along with performing payroll management activities, we act as payroll consultants. You can talk to our experts about any doubts you may have in matters related to payroll.

Professional Tax

PT is state tax charged by many states on the profession and salary. The companies are required to deduct a specific amount from the salary and pay the Professional Tax Department every month by filing the returns. At present, professional tax is applicable on salary above Rs. 15,000/-.

Provident Fund

PF is a contribution as part of saving and social security for employees. The Government of India has prescribed PF mandatory limit up to a salary of Rs. 15,000/ (Basic+DA). The company can opt to pay PF on gross or only on Basic + DA or on ceiling amount of Rs. 15,000/- The PF is coverable to all establishments exceeding employees 19+. The important point of note is that Directors drawing salary, contract manpower are also included for the purpose of head count. The contribution of employer at present is 13% and employee is 12%.

TDS

TDS is a direct taxation under income tax. TDS has to be checked correctly for applicability under various provisions like contractors, professionals, rent, commission, others. The relevant segregation has to be made correctly, made under different challans, quarterly returns filed and TDS form 16 and form 16-A issued. Our expertise ensures the severe penal consequence of not deducting TDS is avoided. You can rely on our expertise and do your business.

Why Choose Us

Our salary structuring brings on a smile on the employer and the employee’s face. Minimizes the TDS deduction of employee. Safeguards employer from statutory risks.

Some of our Awesome Testimonials

Contact Us

Call us at

+91- 080 4148 0813
+91- 9845068263

Email Address

as@totalsols.in

Location

Total Strategic Solutions India Pvt Ltd, 854/1, 3rd floor, NMS Arcade, 8th B Cross, 6th Main Road, New Thippasandra Post, Bangalore – 560 075

Top