PAYROLL Out-Sourcing
 
Outsource your entire payroll related activities to Elite Payroll System and save 20-30% of your top level management's time spent in managing employees who process payroll.
 
Services to employers:
We provide the following services to clients who outsource their payroll
  • Process monthly payroll.
  • Prepare bank advice statement for crediting salary to employee bank account.
  • Preparation and filing of the Profession Tax, Provident Fund and TDS deductions.
  • Prepare and issue tax deduction certificates (Form 16) at year end for employees with tax deduction and salary certificates for employees without tax deduction.
  • Prepare and file quarterly E-Tax Deducted at Source returns.
  • Process full & final settlement of the resigned employees.
  • Provide consultancy to employees on all salary taxation matters.
Services to employees:
All the employees of your company get a unique user id and password. They can log in our web hosted payroll software and see their pay slip and the details of their profile,
Main reasons for Outsourcing Payroll Management:
  1. Cost: Big companies cannot afford to hire departments for taking care of this task. Especially in this economic slowdown it drags on your cost effectiveness.
  2. Productivity: If you are using non specialized workers for payroll duties then they will do neither of the jobs properly. It will then eat into the productivity of your organization.
  3. Accuracy: Minor errors on the part of your employees will cause severe repercussions in terms of employee satisfaction and government sanctions.
  4. Speed and Reliability: You don't have to train new joiners and part time workers. You don't have to worry when some accountant is on leave. A group of specialized people are expected to do even your most complex jobs with relative ease and speed as compared to your in-house staff.
  5. Security and Insight: A good payroll management company will help you save on taxes using their insight and experience with the tax laws and their loopholes. You won’t have to double check on your employees working regarding financial matters.
 
 
     
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