Payroll service

A payroll service provider is a company that either assists with or assumes all aspects of payroll on behalf of another business. This arrangement is often beneficial for employers who value their time and want to ensure that their employees and taxes are paid accurately and on schedule. In some cases, business owners may also save money when they consider that a payroll service provider can help them eliminate expensive tax penalties.

Payroll is the most important task of the HR department, which demands accurate, compliant, and timely completion. Errors and inaccurate payroll systems badly affect the employees, entity and reduce the morale of the employees. Further this creates chaos. We accept complete outsourcing of Payroll services as we are specialized in every aspect of the payroll process with high confidentiality, accuracy and integrity.

Our payroll services are:-

• Structuring of Cost to company (CTC) in Compliance with Income Tax Act and Labour Laws.
• Year end investment document verification and Tax computation for year.
• dhering to the various laws and regulations such as labour law, PF, PT and other statutory compliance.
• Effective Document Management System such as Offer Letter, Appointment Letter, Pay slip, FFS and other documents & registers mandated by statute.
• Tax computation and Tax deduction at source Professional Tax applicability.
  
• Form 16 Generation at the year End.
  
• Preparation of TDS challans.
  
• Preparing full and final settlement for the resigning employees.

Payroll service

A payroll service provider is a company that either assists with or assumes all aspects of payroll on behalf of another business. This arrangement is often beneficial for employers who value their time and want to ensure that their employees and taxes are paid accurately and on schedule. In some cases, business owners may also save money when they consider that a payroll service provider can help them eliminate expensive tax penalties.

Payroll is the most important task of the HR department, which demands accurate, compliant, and timely completion. Errors and inaccurate payroll systems badly affect the employees, and entity and reduce the morale of the employees. Further this creates chaos. We accept complete outsourcing of Payroll services as we are specialized in every aspect of the payroll process with high confidentiality, accuracy and integrity.

Our payroll services are:-

• Structuring of Cost to company (CTC) in Compliance with Income Tax Act and Labour Laws.
• Year end investment document verification and Tax computation for year.
• dhering to the various laws and regulations such as labour law, PF, PT and other statutory compliance.
• Effective Document Management System such as Offer Letter, Appointment Letter, Pay slip, FFS and other documents & registers mandated by statute.
• Tax computation and Tax deduction at source Professional Tax applicability.
  
• Form 16 Generation at the year End.
  
• Preparation of TDS challans.
  
• Preparing full and final settlement for the resigning employees.

Taxation

Income Tax Return

ITR stands for Income Tax Return. It is a prescribed form through which the particulars of income earned by a person in a financial year and taxes paid on such income are communicated to the Income-tax Department. It also allows carry -forward of loss and claim a refund from the income tax department. Different forms of returns of income are prescribed for filing of returns for different Status and Nature of income.

We have provided tax services to businesses of all types including LLCs, sole proprietors, partnerships, and corporations. Even if you have a business with a complex structure or your business is located in multiple states, we have the experience needed to minimize your tax liability.

For many individuals filing a tax return can be a simple online process. However, not everyone has a simple income stream, and as such, it can become tricky to properly file your return. We have experience working with individuals to prepare detailed, accurate tax returns. We can also help individuals who have missed filing a return in previous years.

Services we provide

• Obtaining PAN, TAN
• Income Tax Planning and IT Return filing for individuals and corporates.
  
• Obtaining Lower Tax Certificate both for Resident and Non Resident assessees.
  
• Applying for Visa or Loan from Bank/Financial Institutions require ITR to be produced.
• E-TDS return filing
  
• Attending scrutiny assessment
  
• Drafting appeals and appearing before the CIT
  
• Conducting Tax Audit and submission of Audit Report.
• Conducting Transfer Pricing Study and submission of TP Report.
• Tax planning and tax consultancy for Resident as well as Non Resident assesses.
• A person had entered into any transactions which is or to be reported under Annual Information Return (AIR) under Section 285BA.
  

PF and ESI Compliance Services

Provident Fund

The EPF & MP Act, 1952, and the schemes framed there under are meant to provide Social Security in the form of Provident Fund ,Pension and Insurance to all the employees who are employed for wages, in or in connection with the work of an establishment .The Employees Provident Fund Organization is entrusted to administer the Act, and in case of default, the Principal Employer is liable to penal action.

The Employees’ Provident Fund and Miscellaneous Provisions Act 1952 applies to the Factories engaged in Industries specified in Schedule I of the Act or to other establishments notified and engaging 20 or more employees. Further, a business entity which is not statutorily required to register can register themselves under this act voluntarily. Therefore, Companies with more than 20employees (including contract workers) compulsorily have to register under the EPF Scheme. Once the entity gets covered under that PF Laws, then it continues to get covered even if the number of employees drops below 20.

Compliances required under PF Laws

• Registration under the Act within 15 days from the date of applicability.
• Amendments in the registration if any shall be made 15 days of such change.
  
• Payment of PF Liability shall be made within 15th of the following month.
  
• PF Annual return to be filed 25th April of every year.
• 5. Regular Compliances related to PF registration and Amendments, Addition of employee, removal, maintenance of records ,KYC Updation , Nomination, etc.
  

PF and ESI Compliance Services

Provident Fund

The EPF & MP Act, 1952, and the schemes framed there under are meant to provide Social Security in the form of Provident Fund ,Pension and Insurance to all the employees who are employed for wages, in or in connection with the work of an establishment .The Employees Provident Fund Organization is entrusted to administer the Act, and in case of default, the Principal Employer is liable to penal action.

The Employees’ Provident Fund and Miscellaneous Provisions Act 1952 applies to the Factories engaged in Industries specified in Schedule I of the Act or to other establishments notified and engaging 20 or more employees. Further, a business entity which is not statutorily required to register can register themselves under this act voluntarily. Therefore, Companies with more than 20employees (including contract workers) compulsorily have to register under the EPF Scheme. Once the entity gets covered under that PF Laws, then it continues to get covered even if the number of employees drops below 20.

Compliances required under PF Laws

• Registration under the Act within 15 days from the date of applicability.
• Amendments in the registration if any shall be made 15 days of such change.
  
• Payment of PF Liability shall be made within 15th of the following month.
  
• PF Annual return to be filed 25th April of every year.
• 5. Regular Compliances related to PF registration and Amendments, Addition of employee, removal, maintenance of records ,KYC Updation , Nomination, etc.