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Payroll

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₹.2899

  • Market Price : ₹.

Payroll management for a business with Upto 10 employees. Includes 1 dedicated HR Manager, ConqHR HR Suite, attendance system, leave management, employee portal, employee onboarding, payslip generation, Form 16 issuance and PF/ESI compliance. Price per month, inclusive of GST.

₹.4899

Market Price : ₹.

Smartfiling Price : ₹.

You save : ₹.

Government Fee :


Payroll management for a business with upto 20 employees. Includes 1 dedicated HR Manager, ConqHR HR Suite, attendance system, leave management, employee portal, employee onboarding, payslip generation, Form 16 issuance and PF/ESI compliance. Price per month, inclusive of GST.

₹.7899

Best Seller

Market Price : ₹.

Smartfiling Price : ₹.

You save : ₹.

Government Fee :


Payroll management for a business with upto 30 employees. Includes 1 dedicated HR Manager, ConqHR HR Suite, attendance system, leave management, employee portal, employee onboarding, payslip generation, Form 16 issuance and PF/ESI compliance. Price per month, inclusive of GST

Payroll registration in Aboi

Payroll processing and HR management

What is Payroll processing?

Payroll is a list of employees that are paid by the company. Payroll is the total amount the employers pay to the employees. A payroll function involves the development of an organization pay policy that includes flexible benefits, leave encashment policy.

Payroll management also includes payslip components like basic, variable pay, HRA, and LTA. and also gathering other payroll inputs like the organization's food vendor supply, etc.

Payroll and HR management also involve releasing the employees' salary, depositing the dues like TDS, PF, etc with appropriate authorities, and filing returns.

Put together Payroll processing includes the calculation of the Net Pay after the tax adjustments and other deductions.

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Pay as you go grow pricing

All Inclusive Pricing - No Hidden Fee

Basic

₹.2899

all inclusive fees
  • Upto 10 Employees
  • Attendance Management
  • Leave Management
  • Payroll Processing
  • Employee Portal
  • Payslips
  • TDS Compliance
  • TDS Filing
  • Form 16 Issuance

Standard

₹.4899

all inclusive fees
  • Upto 20 Employees
  • Attendance Management
  • Leave Management
  • Payroll Processing
  • Employee Portal
  • Payslips
  • TDS Compliance
  • TDS Filing
  • Form 16 Issuance
  • Employee Onboarding
  • ESI Compliance

Premium

₹.7899

all inclusive fees
  • Upto 30 Employees
  • Attendance Management
  • Leave Management
  • Payroll Processing
  • Employee Portal
  • Payslips
  • TDS Compliance
  • TDS Filing
  • Form 16 Issuance
  • Employee Onboarding
  • ESI Compliance
  • PF Compliance
  • Exit Management

What documents are required for registering a propritorship in India?

Pre-Payroll Activities

Defining payroll policy

The first step is wherein the policies to the bank during the payroll processes need to be established. These policies need to be approved by the management to turn these policies into standards. Policies like the Pay policy, Attendance policy, leave and benefits policy, and more.

Gathering inputs

At this stage, the inputs are gathered from various departments to ensure the accurate calculation of the payroll.

Source of Data Data Example
Employees Income tax declaration, facilities availed, and more
HR team Salary structure, eligibility for benefits
Finance team Deduction for recoveries
Leave and attendance systems Data from attendance systems, current work shift, etc.
General service providers Transport service provider, canteen vendor, etc.

This data collection can seem tedious at first but registering with IndiaFilings will make it more hassle-free.

Input validation

It is necessary to verify the validity of the data once it is gathered as a minute mistake can ruin the entire payroll process.

It is necessary to ensure that the list contains all the active employees and no records of inactive employees. Checking the data whether it adheres to the company policy. Ensure the present in the right format.

Payroll Calculation

This step is when the validated input data is fed into the payroll system for actual payroll processing. The result is the Net pay after adjusting the necessary taxes and other deductions.

Once the payroll process is over it is always better to reconcile the values and verify the accuracy to avoid further errors.

Various methods of payroll management

Excel-based payroll management

At the initial stage of operations and when a company has a handful of employees they opt for excel based payroll management.

In excel based payroll management the calculation is done on excel sheets using the standard payroll calculation template. The already set mathematical formulas help the payroll officer to do the computation. But this method has many errors like

Outsourcing Payroll

When the payroll is outsourced an external agency is taking care of the payroll function. The payroll service provider based on the pay cycle every month provides various other data such as the attendance, leaves, and reimbursement details.

The external service provider then computes the payroll and takes care of the statutory compliance. Since payroll is a crucial function IndiaFilings can help you comply with all the needs.

Proprietorship Registration in State

Proprietorship Registration in City

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