Payroll Processing Services

Payroll Processing Services

A payroll is a company's list of its employees, but the term is commonly used to refer to

  •   The total amount of money that a company pays to its employees
  •   A company's records of its employees' salaries and wages, bonuses, and withheld taxes
  •   The company's department that calculates and pays these

Payroll in the sense of "money paid to employees" plays a major role in a company for several reasons. From an accounting perspective, payroll is crucial because payroll and payroll taxes considerably affect the net income of most companies and because they are subject to laws and regulations (e.g. in the US, payroll is subject to federal, state, and local regulations).

From a human resources viewpoint, the payroll department is critical because employees are sensitive to payroll errors and irregularities: Good employee morale requires payroll to be paid timely and accurately. The primary mission of the payroll department is to ensure that all employees are paid accurately and timely with the correct withholdings and deductions, and that the withholdings and deductions are remitted in a timely manner. This includes salary payments, tax withholdings, and deductions from paychecks.

RK Management Consultant offers payroll processing services to reduces the cost and save time and mitigate risk of compliance. We have expertise to deal exclusively in the domain of Labour Laws makes us proficient payroll partner that helps in error free payroll processing.

Scope of Services

  • Processing of Monthly Salaries/wages and Benefits along with reimbursement.
  • Generate statutory challan under PF, ESI, PT, LWF (Monthly / Quarterly /Half Yearly / annually).
  • Consultation services on CTC structuring.
  • Management Aid Reports & Statutory compliance reports.
  • Form 16 for every employee.
  • Full and Final settlement for employees left.

Easy Solutions for Diversified Compliances

  •   Compliance Services under Factories Act.
  •   Approval of Factory Building Plan/Licence.
  •   Compliance Services under PF & ESIC Act.
  •   Compliances under Labour Laws.
  •   Compliances under Shop & commercial Establishment Act.
  •   Services of Payroll Processing.
  •   Licencing Services under Labour Laws.
  •   Permission of Exemption under Labour Laws.
  •   Notice Board Compliances.
  •   Vendor Compliance Management.
  •   Handling Departmental Inspections.
  •   Liaising with Various Govt. Departments and Authorities.

payroll management

Payroll is part of HR as majority of payroll data is originated from HR activities such as recruitment,termination,promotions,unpaid leaves,deductions etc.
The time it takes to process a payroll varies depending on the system you use.It will take longer time if you opt to process payroll manually.
A payroll system includes everything that includes calculation of employees salary,tracking working hours,deductions, filing and paying employment taxes
There are four types of payroll sytems

1) Internally Managed Payroll Sytem

2) Professionally Managed Payroll System

3) Payroll Services Managed by Payroll System Agencies

4) Software Managed Payroll Systems

We will provide services are specifically customized to accomplish individual !

All the above services are specifically customized to accomplish individual client requirements.