Kind Attn: HR / Accounts Dept.
Management is the keyword today. It is applicable for every process in an Organization. The days of control regime is now replaced by Self-Compliant Regime. In this situation the Onus is on the employer to ensure that the rules are followed properly. So how well we manage the process of Salaries starting from attendance, leaves to salary slips to bank credits to periodic returns to authorities depends how easily we can lead a stress free life.
Now days, handling PF, ESI, TDS, Income Tax & other Salary related issues are becoming tough due to below mentioned reasons.
Imagine the typical processes involved.
1. Attendance and leave management to generate at the end of the month
2. Preparation of Muster Roll, pay slips and credit advices within 7th of the Month.
3. Submissions of Monthly/Half yearly/Yearly error free PF, ESI, PT returns & Calculation is becoming
Complicated.
4. Generation of accurate quarterly e-TDS returns / error free Form 16 & 16A, which is more time
consuming & technical.
5. Calculation of Income Tax liability of an employee to deduct TDS by considering employee other
income & deduction. This requires greater Taxation knowledge.
6. Handling Salary related MIS & other reports for easy reference is a difficult task.
7. Handing electronic returns of TDS, PF & Submission of electronic Bank Statement for Salary crediting
is becoming compulsory.
8. Delay and wrong statutory returns attract penalty & interest.
With this kind of requirements any HR departments will have tighter Schedules. A Payroll Reporting and Automating Payroll will be of great help to this department. But, big question is finding a total solution that would be a right fit. Your search ends with Our Payroll Software. Our Payroll is a comprehensive payroll solution, which is easy to use and addressing all the above requirements. Choose our Payroll breath easy.
You can see for yourself that most of the complex requirements are automatically taken care and you will exclaim oh! That's what we were looking for. We hope you will make right choice by choosing our payroll software for your company to keep hassles free Accounts & HR department.
Please feel free to contact for further queries.
With Thanks
Sukshma
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