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  • 1. Company Profile Payroll
  • 2.
    • Why do companies use payroll services companies to outsource their payroll issue?
    • Simply, because most companies need every moment to spend focused on growing the business, not filling out government forms, tax deduction, setting up employee benefits, insuring compliance with hiring regulations etc, that’s why at Vikrant & Company we says “Focus on your business and leave the rest to us”
  • 3.
    • Organizations across the globe are outsourcing non-strategic but critical resource consuming processes with objectives to Manage Cost, Manage Risk, and Accelerate Growth
    • Payroll Solutions.
    • VIKRANT & COMPANY provides user friendly, dependable, and cost effective payroll solutions to its clients. It offers them the option to work with their existing software, or with the use of our software. This option enables the client to retain existing records and data, on company specific software. Flexibility is the key, whether the requirement is a simple payroll service or a total outsourced solution. The service is individually tailored as per client requirements. 
  • 4.
    • Why It Pays to Outsource Your Payroll?
    • There's more to managing small business payroll than writing checks and handing them out to employees on time. You need to keep accurate records, calculate and pay payroll taxes, and communicate effectively with employees. Many small business owners are finding that they can simplify the process by using an outsourced payroll provider to manage the entire process cost-effectively and efficiently.
    • Outsourcing your payroll can provide your small business with a number of
    • important benefits
  • 5.
    • Save time
    • Using an outsourced payroll solution is typically more efficient for a small business than processing payroll internally. Leaving payroll to experts frees up hours that you can devote to other important parts of your business. Whether it is your time, staff time, or a combination, chances are the hours could be better spent winning more business, improving customer service, fine-tuning business operations or launching a new product line. Among the areas where outsourcing will save time are:
    • Processing payroll
    • Cutting and distributing paychecks
    • Calculating and paying withholding and employment taxes
    • Preparing and distributing Form 16 and Form 12B at year-end
    • Handling employee payroll inquiries
    • How much the time spent is actually worth: consider the cost of your time and the time of anyone who processes or "touches" payroll. Often, many people in a small company are involved in the various parts of payroll processing.
    • What savings would outsourcing provide: since an outside provider can handle all the responsibilities involved in managing payroll and answering employee questions, a small business can often eliminate or reallocate an internal payroll resource.
  • 6.
    • Save money
    • Many business owners underestimate the cost of processing payroll internally by failing to account for all hours spent and resources allocated to pay employees and maintain payroll paperwork. A thorough cost assessment usually proves that a small business saves money by outsourcing the processing, tracking and filing of payroll documents. To assess your own internal payroll costs, consider
    • How much the time spent is actually worth: consider the cost of your time and the time of anyone who processes or "touches" payroll. Often, many people in a small company are involved in the various parts of payroll processing.
    • What savings would outsourcing provide: since an outside provider can handle all the responsibilities involved in managing payroll and answering employee questions, a small business can often eliminate or reallocate an internal payroll resource.
  • 7.
    • Payroll Services
    • Whatever the size or complexity of your organization, our payroll department
    • can release you from the burden of running your own payroll
    • Services offered include:
    • Computerized pay slips detailing full analysis of net pay for each employee
    • Full supporting reports providing analysis of staff costs, department, location etc
    • Year-end - All year-end forms completed – Form 16 and Form 12B
    • You'll benefit from:
    • Improved employee satisfaction - maintain a happy workforce by ensuring your people are paid correctly - on time every time
    • Cost savings - see savings on the money you spend maintaining payroll systems - savings you can use elsewhere
    • You do not need any payroll experience in-house, and we promise to lighten the load,
    • whilst you remain in control.
  • 8.
    •   Features  
    • Flexible benefits/basket of allowance pay processing  
    • Monthly payroll and TDS computation  
    • Pay slip generation  
    • Reports, bank statements,  
    • Attendance and leave records handling  
    • Disbursal of salary across the country (drafts/bank/debit/floppy uploads)  
    • Query management - all queries related to salary, leave, PF, IT will be attended to via e-mail, phone  
    • Tax advice on employee income from salary with details of tax saving investments
  • 9.
    • Statutory Compliance Support
    • VIKRANT & COMPANY offer its clients Statutory Compliance Support service, which takes care of monthly filing of
    • Provident Fund, ESI, Professional Tax and Income Tax (TDS).
    • within the stipulated time frame. This enables the client to focus on core activities and still satisfy all the legalities
  • 10.
    • We Provide
    • Salary Summary
    • Selection of Period [From / To]
    • Tabular Summary report for selected Parameters e.g. Branch / Department
    • Flat file output for Bank
    • Selection of Formats of required by different Bank
    • Bank Statement
    • Bank Wise Statements for Multiple Bank
    • Account No. Detail
    • Reports:-
    • Branch Wise
    • Cost code wise
    • Location wise
    • Department wise etc;
    • Emailing Facility
    • Salary Slip etc. to the Employees
    • Salary Statement etc. to Branches
    • Salary Disbursement Output to Bank as per the format required by the Bank .
  • 11. Reports we provide Employee Related Reports IT Reports Periodic Reports Monthly Reports
    • Master/Monthly Data per Employee.
    • Salary Breakup
    • Investments
    • Planning
    IT Computation of Statement. Form 16 Form 12B Form 24 Form 24 Quarterly IT Challan Details
    • PF Related
    • PF Reports:
    • Form No. 3A
    • Form No. 6A
    • Form No. 12A
    • Professional Tax Statement.
    • Others
    • PF Reports:
    • Option for Trust / RPFC
    • PF No. Wise sorting
    • Employer’s &
    • Employee’s Contribution
    • PF Challan
    • For A/C os.1,2,10,21,22
    • Employer Share,
    • Employee Share.
    • PF Admin / DLI charges
    • Professional Tax Statement
    • Option for Category
    • Wise / State wise
    • Other reports also
  • 12.
    • For New Employee we provide :
    • Salary breakup.
    • Investment Planning
    • Investment declaration form
    • Form 12 BA
    • We also provide services for employee who has retired from current role:
    • Full & Final settlements at the time of leaving organization.
    • Track on leave records and payments.
    • Assistance for PF matters.
  • 13. Company overview: Proprietor : Mr. Vikrant D. Doshi. Qualification : B.Com., F.C.A., DISA (ICAI) Experience : 12 years. Professional Standing of the Firm: The Firm is practicing in the field of Accounting, Auditing, taxation, Company law matter, Sales Tax VAT, Service Tax, Management Consultancy and other allied matters. Providing Management Consultancy Services to Multinational Companies having based in USA in regard to their software development, Recruitment & Medical Transcription business in USA & India and other linked matters of company with STPI & Custom Department. The firm is also on the panel of Bank Branch Statutory Audit and since the last three years we are allotted branches of United Bank of India. Providing Payroll restructuring & monthly Payroll processing services to various customers and do all the necessary work related to payroll. Cont’d…………2
  • 14.
    • -2-
    • Handled various Audits of Wine Industry, Pharma Companies, Forex Business, Studded Jewellery Business, Jewellery Shop, Metals Industry, Exporter in various Commodity, & Software industry etc.
    • Income Tax Returns, Sales Tax Returns, Service Tax, Annual Return of TDS etc. for Individuals, Firm & Companies etc.
    • Employees of the Firm & Others
      • Qualified Staff 1
      • Semi Qualified Staff 2
      • Article Clerks 3
      • Other Employee 2
  • 15. Some of our esteem Clients: CCG (India) Pvt. Ltd. Mumbai Nandaki Management Systems Pvt. Ltd . Bangalore The Gem & Jewellery Export Promotion Council Mumbai Radical Technologies Pvt. Ltd. Mumbai C. Arunkumar & Co. (Exports) Mumbai SME Rating Agency of India Ltd, Mumbai Online Technologies Mumbai
  • 16. Contact Us: Vikrant & Company. 403,Takshilla Commercial Complex, 4 th Floor, R.H.B.Road, Nr, ICICI Bank, Mulund (West), Mumbai 400 080. Tel.No.: +912225905625 Mobile : +919820862556 Telefax.: +912225905625 Email : [email_address]