To cover the employee’s travel expense when he or she is out of work, LTA is offered to the employees. Always available and very professional in their approach and management. Your highly trained, dedicated payroll specialist is the single point of contact for all your payroll and tax needs. We help our clients derive value from their data by capturing an increasing amount of data that is analyzed using massive computational power. This service is ideal for any organization looking for a low-risk, flexible, and rapid route into the Indian marketplace.

• With its user-friendly interface and comprehensive features, SumHR has garnered recognition for its effectiveness in managing payroll tasks efficiently.
• Built with security and convenience in mind, the self-service portal is hosted on AWS, allowing HR to serve your employees better.
• Once there are more than 20 employees, this becomes a mandatory contribution.
• It is a pension contribution scheme that allows a person to create a retirement corpus.

Whether an organization has a handful of employees or a larger workforce, Pocket HRMS adapts without compromising on performance. Its cloud-based nature enables businesses to access payroll data from any location, supporting flexible work arrangements. One of the standout features of QuickBooks India is its ability to handle complex taxation regulations prevalent in the Indian payroll landscape. This is particularly crucial in the Indian context, where staying updated with ever-changing tax regulations can be a challenge. If your business is hiring more than a few workers in India, consider using an international payroll service.

What Is an Employee Provident Scheme(EPF) in India?

Employee attendance and leave management involve keeping records of sick leaves and holidays and ensuring that the payroll gets done in an error-free manner and on time. The payroll services we deliver follows clearly defined SLAs and Processes. We comply with fully automated processes to handle your payroll outsourcing process so that possibilities of human errors eradicated.

• At the beginning of the financial year, an investment declaration has to be made.
• Keka’s approach centers around leveraging advanced technology to streamline and simplify complex payroll procedures.
• To choose the right platform, it is key to understand how this market operates and the fees involved when processing financial transactions.
• We ensure adherence to standards, government regulations, and tax regime.

We have a robust quality assurance mechanism in place that includes pre-payroll validations and post-payroll Quality Assurance. So our process meets the highest quality service and achieves 100% accuracy – error-free. Our client retention rate of 98.9% make us the best Payroll Outsourcing Services in India. Pavel Shynkarenko, an entrepreneur with 20 years of experience in fintech, founder and CEO of Solar Staff, a payroll company for freelancers. Unfortunately, there are many hidden fees in every financial transaction that further complicate the process for payroll companies. Fintech companies often find it economically and operationally challenging to navigate regulatory requirements.

Employment Services

The outcome of this process will be the actual salary of each employee after considering all the withholdings, taxes, and deductions. Since 2012, we have helped 3,000+ businesses across India in automating their payroll, staying compliant with laws, and delighting their employees. Your dedicated account manager will help craft an outsourced payroll service that perfectly complements the needs of your business. Even if your payroll is complex, we can use automation and self-service tools to iron out the complications.

Social Security

The fixes /revises for the minimum wage of the concerned scheduled employment come into force from the date of its issue after three months. Casual leaveEmployees take casual leaves for various purposes, such as travel, vacation, rest, and family events. There are rules where an employee can take casual leaves, which will vary from three days to five days up to seven days.

Cross-Border Payments & Payroll Compliance

Step 8 – If you have not used a DSC, your ITR-V will be displayed to you on successful submission. You can then download the ITR-V from the link displayed, sign it, and submit it to the CPC 120 days from the eFiling date. Step 3 – Next, download the ITR form required,  which can be seen under the ‘Microsoft Excel’ column.

We have ensured that our payroll processing follows all the required standard of corporate governance and tax regulations. In summary, Pocket HRMS stands as a versatile and efficient payroll services provider tailored to the Indian market. Its automation capabilities, integration features, and adherence to Indian tax regulations position it as a valuable asset for the difference between expenses and losses businesses seeking streamlined and accurate payroll management. QuickBooks India is a prominent player in the realm of payroll services, catering specifically to the Indian market. With its user-friendly interface and comprehensive features, QuickBooks India has established itself as a go-to choice for businesses seeking efficient payroll management solutions.

Furthermore, ZingHR’s responsive customer support team assists clients in maximizing the platform’s potential and resolving any concerns promptly. One of the distinguishing factors of Greytip Software is its adaptability to the specific requirements of various industries. Whether it’s healthcare, retail, IT, or manufacturing, the company’s solutions are customizable to cater to the unique payroll challenges each industry faces. If you’re only looking to hire a few workers, it’s probably better for you to work with an employer of record (EOR) or partner with an independent contractor in India.