Payroll Outsourcing Service specially designed for new entrepreneurs.
Payroll Compliance Services are essential for any organisation that wants to ensure compliance with various payroll-related laws and regulations. This includes organisations of all sizes across various industries, such as manufacturing, healthcare, IT, and hospitality. These services assist organisations in complying with laws related to employee payroll management systems.
AIWS ACCOUNTECH, with its expertise, adequate skill sets, pan-India presence, well-defined process, and appropriate technical support, facilitates meticulous payroll compliance in India.
The rates charged by us are scalable as per the requirements and consist of no hidden charges. Rates increase only if there is an increase in your business. Our company is proud to be one of its kind as our rate decreases when there are constant lower transactions then the package availed.
Our services are offered on the cloud, which means that you'll have 24x7 access to your accounts and can be sure of confidentiality. Further, if you have any queries or problem then you can contact your assigned manager during the normal business hours.
We provide a Legal Compliance Dashboard that acts as your secretary for legal work and intimates you about the upcoming compliances. This will make sure that you do not miss any of the compliance
We will be collecting basic details from you and will assign the manager for your work based on the compliance requirement.
Your assigned manager will collect the details on a monthly basis through a one or two communication and will start working on it.
Based on the details provided by you we will file your returns and send assist you in payment of the same.
No hidden costs – One comprehensive package
No hidden costs – One comprehensive package
No hidden costs – One comprehensive package
Payroll compliance in India consists of the calculations of Income Tax Compliance (TDS), Reimbursements, Provident Fund Compliance, Professional Compliance, ESI Compliance, Gratuity Compliance and various other laws.
Let's check which compliance applies to your business.
Companies
Clients
Years of Experience
Employees
Yes, compliance like Income Tax TDS deduction and Professional Tax are to be complied even if there is a single employee.
If you want to issue form 16 to your employees, then it is mandatory to file TDS return. This form 16 can act as evidence of Income to your employees, and he can avail loan based on the same.
No, PF is not required if the salary is above basic limit, but the same is advisable to secure future of employees.
The assessee will be liable to pay fine and may go to imprisonment for the noncompliance under the Income Tax Act for TDS and labour court for PF and ESIC noncompliances.
CTC stands for Cost to Company. It includes all the costs that a company incurred for a particular employee such as PF, ESIC, Gratuity contribution of employer. These deductibles are part of your compensation structure, but you do not get them as a part of the in-hand salary.
Payroll should be mainly outsourced when,
Employer has to maintain the following records for the ESIC.
Every employer who has deducted TDS of the employee has to issue Form 16 to his employee. The form consists of all the data of salary and deductions that one can claim.
Legal Workmate follows the necessary and best practice of maintaining confidentiality and data protection. The data provided by you will not be shared with anyone and will not be mailed to any person, including government authorities, without your exclusive written permission.
An Employment agreement is an agreement executed between the employee and the employer consisting of all the details regarding data privacy needed to be maintained, non-sharing of any information, resignation and notice period, etc.
CTC refers to the total expense that an employer incurs under the contract with the employer. It contains an amount of PF, ESIC and Gratuity contributed by both employee and employer.
Gross Salary means salary receivable on hand before TDS deduction by the employer. Net salary means the salary received on hand.
Gross Salary = Net Salary + TDS amount deducted.