The payroll process involves calculating and distributing wages to employees for work completed during a specific pay period. This includes determining gross pay (total earnings before deductions), net pay (amount received after deductions), and various deductions based on salary, hours worked, benefits, and taxes. Accurate record-keeping of employee pay, taxes, and deductions is crucial for both financial and legal compliance.
Our payroll management system streamlines employee compensation by automating and managing each step of the payroll process, ensuring accuracy, legal adherence, and efficiency
- Reduced Costs: Our payroll processing services streamline your operations and minimize expenses.
- Time-Saving Efficiency: We handle all aspects of payroll, freeing up your valuable time.
- Reduced Compliance Risk: Our team ensures error-free processing, minimizing the risk of penalties.
Comprehensive Payroll Services:
CTC Structuring
Salary Processing with Benefits (including reimbursements)
Bank Transfer Statement Generation
Statutory Compliance Reporting
Year-End Form 16 Generation for all Employees
Ensuring minimum wages are met
Calculating and processing deductions accurately (PT, income tax etc.)
- Providing payslips with detailed breakdown
- Maintaining payroll records for statutory requirements
Professional Tax (PT):
Professional tax is a levy imposed by some Indian states on salaried individuals and professionals. It varies by state and income level, but our experts at Apex HR can ensure your business remains compliant and avoids penalties.
- Professional Tax Registration: We handle PT registration with the appropriate state authorities.
- Accurate PT Calculations: Our team ensures correct PT deductions based on employee salary and state regulations.
- Timely PT Deposits: We guarantee timely PT payments to the government, avoiding penalties and interest charges.
- PT Challan Filing: We manage the filing of all PT challans on your behalf.
- Streamlined PT Compliance: We handle all aspects of PT compliance, saving you time and ensuring adherence to regulations.
- Registration with PT authorities (varies by state)