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Payroll Services.pdf
1. Payroll Services
All you need to know Our specialized Payroll service includes managing expense and
re-imbursement management along with Payroll process, Disbursement of Payroll and
employee re-imbursements, Issuance of Pay slips, Depositing Payroll related Taxes
and Employee Contributions to Pension or other funds, Filing of relevant Forms and
Returns and Compliances under various Labour Law / Statutes, Salary structuring in
Tax efficient ways with clear workings to show employee Take Home salary.
What is Payroll?
Payroll is the business process of paying employees. Running payroll consists of
calculating employee earnings and factoring out federal and state payroll taxes. The
term payroll can also refer to:
● A business’s financial records of employees.
● The distribution of employee paychecks.
● Annual records of employee wages.
Payroll can be a business’s greatest overhead expense. And the payroll process is
complicated. But understanding each component of payroll may help you better
understand your business finances. And it can help ensure you remain compliant
with federal and state tax and labor laws.
Lopamudracs
Lopamudra Corporate Solutions
Secretarial services
ESI & EPF Compliances
Contract Labour Compliances
Payroll Services
Audit Compliances
HR Compliances
