Financial Services
Payroll Processing
Monthly payroll for businesses that have crossed the point where a spreadsheet is safe. Gross to net computation, statutory deductions, payslips and the returns that follow are handled as one cycle, because a salary paid without the corresponding PF or TDS deposit creates a liability that surfaces months later.
What you get
- Gross to net computation with attendance, leave and variable pay applied
- PF, ESI, professional tax and TDS on salary computed per employee
- Payslips issued to employees, with a salary register for the employer
- Bank transfer file generated in your bank format for a single upload
- PF and ESI returns filed and challans deposited within the cycle
- Form 16 prepared at year end from the same records that ran the payroll
FAQ
About payroll processing
What happens if PF or ESI is deposited late?
Interest and damages apply on late deposit, and employee contributions deducted but not deposited on time are treated more seriously than the employer share, since that money was withheld from wages. The rates are prescribed by statute, so exposure is computed for the actual delay rather than quoted here.
At what headcount do PF and ESI become applicable?
Both apply once an establishment crosses a prescribed headcount, and ESI additionally applies only to employees below a wage ceiling. The thresholds and the ceiling are set by statute and have been revised over time, so applicability is confirmed against the current provisions for your establishment rather than assumed from a rule of thumb.