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Payroll

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  • 1. If you are spending unreasonable amount of time, energy and resources managing your payroll challenges, then you should consider Payroll outsourcing. INDIA | AFRICA | UAE
  • 2. EXPERT AT PAYROLL PROCESS
  • 3. Why Payroll Outsourcing? Ensuring timely and accurate salary processing for its employees is a must for every business, but it is easier said than done. How do you go about managing varied salary structures? How about factoring in dynamic HR inputs like leaves, loan advances, re- imbursements etc.? If you are taking care of all of this, have you been able to comply with the changing tax and statutory regulations? Payroll Outsourcing provides you the answers to these challenges. Payroll outsourcing helps you to gain control over the payroll process and frees up considerable resources, equipment, time and bandwidth. Today, this is the preferred choice over setting up and managing an in-house payroll competence. SAVE TIME SAVE MONEY AVOID PANALTIES Outsourcing your payroll can provide your business with a number of important benefits that allows you to focus on your core business
  • 4. WE CARE Consolidate Payroll Inputs Process Payroll Meet Statutory Compliances Global HR provides end-to-end managed payroll services to its customers, so that they can focus on running their business. From consolidating HR & employee inputs, to processing payroll and creating the bank file, Global HR helps you manage it all. Global HR also manages all related statutory deductions and filings related to the same. Global HR has consistently ensured over 99% accuracy in payroll processing across its engagements. Global HR offers end-to- end services in payroll processing, from basic payroll calculations, meeting statutory compliances, facilitating transparent employee communication, while ensuring complete confidentiality.
  • 5. END TO END Consolidating Inputs Admin inputs from HR/Finance organizations. This could include Standard payroll inputs like salary break-up information by employee etc. Special payroll inputs like exit employees, bonus information, Awards, leave related rules Possible to enter manually or bulk upload using online payroll software Employee inputs Tax related declarations Leave information Payroll & non-payroll re-imbursements All inputs provided through online payroll software Third party inputs Attendance information from swipe or biometric attendance systems Leave information from 3rd party HR software, if applicable Providing Outputs & Reports Admin reports Payroll register, Bank file Variance report, payroll summaries by location, unit Employee reports Payslips Tax statements PF & other Fund related statements
  • 6. STATUTORY COMPLIANCES Activities Registration of the company with Income Tax, Provident Fund, Professional Tax, Employee State Insurance, Labour Welfare Fund Authorities Calculation & Deduction of the respective statutory dues Employee wise Statutory dues reporting to the Client Preparation of Challan and remittance of the dues in bank Preparation of Monthly, Half Yearly, Annual and random returns Collation and compilation of employees' documents for Registration, Nomination, Transfer, Withdrawal and Pension Submission of Management and Employee related documents/returns with the respective statutory bodies Liaision with Statutory bodies Reports Income Tax Quarterly eTDS returns Annual eTDS returns Form 27A Form 16 alongwith Form 12BA and Annexure (Digital/Manual Signature) Provident Fund Form 2 - Nomination Details Form 5 - List of New Joinees Form 10 - List of Resignees Challan (Account No. 1-2-10-21-22) Form 12A - Reconciliation of Monthly payable and paid amounts Form 3A - Personwise Annual Return - Individual Contribution Card Form 6A - Consolidated Statement of All PF Subscribers for Current Financial Year. Yearly Reconciliation of payable and paid amount - In prescribed format Employee PF Transfer - Form 13 PF Withdrawal Forms - 19 Pension Withdrawal - 10C Professional Tax Monthly Return cum Challan ESIC Form 1 - Nomination Details Monthly Challan Form 6 - Half Yearly Return LWF Return Cum Challan - A1
  • 7. PAYROLL PROCESS Employer Inputs (Soft Copies/Templates) New Joinees Attandance Master Changes One time payments Recoveries F&F settlements Employee Inputs (Portal/Hard Copies) IncomeTax Declaration Reimbursements Flexi compensatins Year end proffs Employee poll PAYROLL ENGINE Input Data Upload Single click payroll engine Validation Pay Calculation Arrear Calculation Inbuilt Tax Valuation Inbuilt Statutory Compliance Formula Driven Calculation Output – Client Salary Register Variance Report Summary – PT, TDS, PF, etc Financial JV Manpower Reconciliation Net Pay Reconciliation Bank File ( Multi-Format) Balances of LTA, Medical Reimbursements YTD Pay Slips ( Monthly Salary) Location / Cost – Centre wise Payroll summaries Output – Employee (Web) Payslip Tax Computation sheet Reimbursement Bal CTC Reconciliation
  • 8. HEAD OFFICE 4th Floor, Kirtan Complex, Near Mithakhali Underbridge, Navrangpura, Ahmedanad Gujarat : 380009, India 079 65457167 079 40307163 www.globalhr.asia payroll@globalhrmanagement.co.in INDIA | AFRICA | UAE