Payroll Accounting

Payroll Accounting Services

Payroll Accounting involves the accurate calculation of employee salaries, statutory deductions (TDS, PF, ESIC, Professional Tax), net pay computation, payslip generation, and timely salary disbursement — while maintaining complete compliance with labour laws, income tax, and social security regulations.

About Payroll Management

Payroll is one of the most critical and compliance-intensive functions in any organization. Errors in payroll can lead to employee dissatisfaction, income tax notices, EPFO/ESIC penalties, and legal disputes. Outsourcing payroll to professionals ensures accuracy, confidentiality, and regulatory compliance every single month.

Services Included

• Monthly salary computation based on CTC structure, attendance, and leave data.
• Payslip generation for all employees — password-protected digital delivery.
• TDS (Tax Deducted at Source) computation on salary and advance tax planning for employees.
• Annual Form 16 (Part A and Part B) preparation for all employees.
• PF contribution computation, ECR preparation, and monthly challan payment by 15th.
• ESIC contribution computation and monthly challan payment by 15th.
• Professional Tax deduction and monthly/quarterly state remittance.
• Labour Welfare Fund (LWF) contribution computation and remittance.
• Full & Final Settlement (F&F) computation for exiting employees — including earned leave encashment, gratuity, and notice pay.
• Leave management — tracking of earned leave, sick leave, and casual leave balances.
• Payroll software setup and integration with HRMS.
• Quarterly TDS return filing (Form 24Q) for salary TDS.

Benefits

• Accurate and timely salary disbursement — zero payment delays.
• Complete compliance with all labour and income tax laws.
• Reduced HR workload — no need for a dedicated payroll team.
• Employee trust and satisfaction through transparent payslips and F&F settlements.
• Zero risk of EPFO/ESIC penalties due to expert compliance management.
• Confidential handling of employee salary data.

Who Needs Payroll Accounting?

• Startups and small businesses processing payroll for 5–100 employees.
• Mid-sized companies wanting to outsource payroll for cost efficiency.
• Companies with remote or distributed teams needing centralized payroll.
• Businesses with high employee turnover requiring frequent F&F computations.

Payroll Software We Support

• GreytHR, Keka, and Zoho Payroll — for cloud-based payroll management.
• Tally ERP — for payroll integrated with accounting.
• Excel-based payroll for small businesses.
• Custom payroll integrations via API for enterprises.