Enterprise HR & Payroll Solutions
Payroll Outsourcing
ITChamps, Your Payroll Outsourcing Partner
Payroll outsourcing is a process of assigning the process of payroll management to a third-party with expertise in this area. Since payroll is mostly an extended but not the core department in almost 99% of the salary outsourcing companies, the primary advantage which the company enjoys is a reduction in the overall cost as well as quality of service delivery.
Why Choose ITChamps?
ITChamps has the proper understanding and knowledge about the latest norms of payroll management. The company pays full attention to make the payroll records error-free. We are always attentive about maintaining the security of the data of the clients. To maintain a high standard, we follow the most efficient operating procedures to protect the information and utilize them as per the norms. Our team of experts keep an updated track of newly launched regulations of labour and Income Tax laws.
- Quick query resolution turnaround time by the help desk associates
- Filing of monthly returns and PF advice
- Creation of MIS reports easily when required
- DS advice as well as returns
- Consultation for your employees at the end of the year for investment and tax saving related purposes
- Bonus advice as well as returns
- Pay slip generation with details of tax as well as CTC
- ESIC advice as well as returns
- A provision to opt for a FBP (Flexi Benefit Plan)
- Generation of Form 24Q for quarterly TDS returns
- Return submission and professional tax advice
- Generation of Form 16
Payroll Services
Payroll services is quite complicated if whole process doesn’t work properly, and managing the entire payroll in-house creates a lot of challenges related to on-time salary payments, less costs, taxes and compliance related issues. We provide end-to-end payroll solutions which saves valuable time and resources, and avoids human errors.
Monthly Payroll Outsourcing Services
Quarterly Payroll Processing
Other Services
Monthly Payroll Outsourcing Services
Accounting
- Monthly salary processed is based on data provided as per the attendance sheet, change in salary structure and other variable components.
- Monthly pay slips.
- Monthly Accounting JV reports.
- Monthly reimbursement processing. (Allocated / Claimed).
- Processing your payroll based on the latest legislative updates.
- Full and final settlement of an employee.
- Tax calculation and year end investment declaration.
- Monthly statutory compliance chalans for PF/ P.TAX/ ESIC.
- Final report provided to the client comprising of MIS and compliance statutory reports.
- Generation of Form 16.
Payroll Compliance Outsourcing Services
Once your employees submit their reimbursement claims through our intuitive ESS portal, we provide the following,
- Provident Fund (PF).
- Validate claims based on your policies.
- Employee State Insurance (ESI).
- Integrate the validated claims with payroll data.
- Professional Tax (PT).
- Send consolidated reports for the changes made.
- Labour Welfare Fund (LWF).
- Payroll outsourcing.
- Processing reimbursements and arrears.
Payroll Compliance Outsourcing Services
- Monthly salary processed is based on data provided as per the attendance sheet, change in salary structure and other variable components.
- Calculation of TDS is based on the proposed investments received from the employees.
- The audited data with a discrepancy report is provided to the client for final approval.
- Generation of bank transfer files for the credit of monthly salary.
- Full and final settlement for employees who resign.
- Salary register for the month.
- Monthly TDS chalan payment report.
- Monthly PF forms and chalans in a PDF format.
- ESIC monthly contribution file in a PDF format for uploading on the ESIC portal.
- Profession tax chalan and reports.
Quarterly Payroll Processing
- Updation of monthly TDS chalan payment details.
- Reconciliation of monthly TDS chalans, with TRACES before creation of quarterly ETDS files for NSDL submission
- Generation of eTDS returns along Form 24Q and Form 27Q for NSDL submission.
- Investment proof audit (proposed vs submitted vs rejected), submission of a discrepancy report to the client for final approval.
- Final investments record updation and final TDS deduction report submission to the client for approval.
- Generation of digitally signed Form 16 combined in single PDF.
- Annual MIS reports.
Other Services
TDS Correction, Revise Returns Filing
- TDS correction and filing of revised returns
- Drafting of the reply to default notices received from the tax department
- Analysis of any default notice received from the tax department and proposing the course of action
Investment Proof Checking
- Checking of 80C investments / other deductions for tax purposes
- Submission of the discrepancy report of investment approved and rejected by our auditors
Reimbursement Proof Checking & Processing
- Auditing of the reimbursement proof submitted by the employees
- Submission of the discrepancy report of approved and rejected by our auditors
- Processing of reimbursement for payout as per the approved limits
- Calculating and accounting the tax impact as per the IT laws
