We have over 24 years of experience in payroll processing services. Over the years we have assisted a large number of companies, including Fortune 500 enterprises, with payroll management services like consolidating HR/Finance inputs, managing statutory filing, maintaining compliance, and so on. We bank on a combination of proven processes, advanced technologies, and the right people to improve end-to-end payroll processing services.
From dedicated to part-time payroll specialists and from 24x7 support to transparent pricing, we are a one-stop payroll management company offering comprehensive payroll solutions that include onboarding employees, defining payroll policies, gathering & validating employee inputs, calculating & disbursing payroll, paying statutory dues, and distribute payslips.
Our Payroll Processing Process
-
Collect time & attendance data
We gather accurate records of employee working hours, leaves taken, and other attendance-related information.
-
Calculate wages & salaries
Our team then computes employee earnings based on hourly rates, salaries, and overtime hours and factors in any deductions or allowances.
-
Verify accuracy
Next, we thoroughly review the payroll calculations to identify and rectify any errors, ensuring compliance with company policies and labor laws.
-
Compute additional income
Our team includes additional elements such as bonuses, commissions, or special incentives to be reflected in the employees' pay.
-
Deduct taxes & deductions
We also deduct appropriate income tax, social security contributions, health insurance premiums, and other authorized deductions from employees' wages.
-
Generate checks or deposits
Further, our team prepares individual payment details, either in the form of physical paychecks or direct deposits into employees' bank accounts.
-
Distribute payslips & reports
Finally, we provide comprehensive payslips containing a breakdown of earnings, deductions, and taxes for each employee, along with detailed payroll reports for record-keeping.