A low-cost, all-inclusive payroll service for businesses of all sizes. Connect with India's best professionals and HR for your complete Payroll Manangement.
Leave all your complex hassles of Payroll Processing with Filemydoc.com in 3 simple steps
Fill in the basic details eg. Name, Email, Phone, City.
Get callback from our experts and submit required details.
We will do the rest to manage your payroll.
* These fields are required.
Payroll is a list of employees that are paid by the company. Payroll is the total amount the employers pay to the employees. A payroll function involves the development of an organization pay policy that includes flexible benefits, leave encashment policy.
Payroll management also includes payslip components like basic, variable pay, HRA, and LTA. and also gathering other payroll inputs like the organization's food vendor supply, etc.
Payroll and HR management also involve releasing the employees' salary, depositing the dues like TDS, PF, etc with appropriate authorities, and filing returns.
Put together Payroll processing includes the calculation of the Net Pay after the tax adjustments and other deductions.
* These fields are required.
1. Certificate of Registration
2. Electronic Challan cum Return (ECR) document
3. Company GST and TIN.
A flexible and fixed schedule:
3. Semi-monthly and
4. Monthly payroll schedules.
Classify employees on the basis of
3. Permanent employees
4. Interns and
5. Schedule payments accordingly.
Terms of Compensation:
To keep a tab on
The payroll administrator needs to religiously adhere to statutory compliance. There are various statutory deductions like EPF, TDS, ESI is deducted during the payroll processing.
These deductions are then paid to the respective authorities or government bodies.
Every organization is required to maintain an accurate book of accounts and the salary that is paid for one of the significant entries in the books of accounts.
After complying with the steps above the salaries can be finally paid in cash or cheque or via bank transfers. For hassle-free transfers, it is better to have salary accounts of the employees.
Preparing a report is the last stage and it is necessary to prepare an accurate report containing information such as the department or location-wise employee cost.
Here are some of the benefits of our complete payroll management system:
Excel-based payroll management:
At the initial stage of operations and when a company has a handful of employees they opt for excel based payroll management. In excel based payroll management the calculation is done on excel sheets using the standard payroll calculation template. The already set mathematical formulas help the payroll officer to do the computation. But this method has many errors like
1. High chances of clerical and mathematical errors as the data are entered manually
2. Difficulty in adding and removing employees from the payroll list
3. Chances of duplicate data and omission of entries at times
4. Need to monitor the tax updates and other statutory changes like the PF, PT, etc.
When the payroll is outsourced an external agency is taking care of the payroll function. The payroll service provider based on the pay cycle every month provides various other data such as the attendance, leaves, and reimbursement details. The external service provider then computes the payroll and takes care of the statutory compliance. Since payroll is a crucial function Filemydoc.com can help you comply with all the needs.
At Filemydoc.com, our chartered accountants and accounting & taxation experts will take care of your end-to-end payroll processing and compliances in the most efficient way. Our payroll services cover the following:
Some of the best reasons to choose us are:
1. 3 Working Days: Just share your details asked by our experts and we will do the rest for your Payroll processing & management.
2. Customer Score: We make your interaction with government as smooth as is possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations.
3. Strong Legal Team: Our team of experienced legal and business advisors are a phone call away, should you have any queries about the process. But we'll try to ensure that your doubts are cleared before they even arise.
The payroll process can be split into three stages; Pre-payroll, actual payroll and post payroll. Generally, the payroll period is from 1st to 30th/31st of every month. Hence, we will collect data at least 5 days prior to the end of the month (i.e., by 26).
Statutory deductions are IT (income tax), EPF (employee provident fund), TDS (tax deducted at source), ESI (Employees' State Insurance) which are deducted according to the individual's annual compensation and the state legislation.
Some of the common benefits that companies offer are medical reimbursements, health insurance, paid vacations, leave encashment programmes, wellness program fundings, etc. However, the statutory benefits as mandated by law are earned leaves; social security like ESI, PF, pensions, group insurance policies, maternity benefits; payment of gratuity, etc. These benefits differ depending upon the type of company and the state where it is located.
Managing accounting, payroll, tax and other financial responsibilities is very tedious and complex, especially more so if your business is a start-up venture. Hence, by outsourcing the payroll process, you can save time and money; be assured of accuracy in calculation and deductions; get expert guidance from payroll specialists, and accounting and financial professionals.
Payroll comes under both the HR and the finance departments.
The accounting department prepares the payment and is subject to permission from the head of the agency or the representative. The human resource office creates the payroll since they keep records of the attendance and overtime that is rendered by the employees.
We handle all your messy startup legalities and make you stress-free
Raise service request by simply filling our easy to use online form to get started in 3 seconds.
We instantly assign a dedicated manager for your service who helps you throughout entire job cycle.
Submit required documents, make partial payment & track job progress in realtime.
Get your job done within the timeline provided and start building a great business.
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