Payroll Outsourcing
Payroll processing by hand is a time-consuming process. Outsourcing payroll can free up staff time to pursue more important value-added and revenue-generating activities.Payroll outsourcing is the convenient process of delegating the process of payroll administration to a third-party with expertise in the process as it will facilitate you to avoid facing compliance challenges and changes in legislation and will perform timely and accurate payroll processing. it is most essential business function as having major share in operational costs and requires compliance of various laws & regulations. Big businesses can afford to maintain big payroll departments. For small businesses however, an in-house payroll service is a money burner. Using an outsourcing service makes it possible to manage the payroll process without the need to maintain a large payroll department.
At Vincyte we offer you to take your human resource management to higher level, as we very well understand the importance of error free payroll activity for your industry. At Vincyte we offer you complete payroll outsourcing services for all types of organizations with new business insights, easier compliance.
We assist with following services:
Designing CTC Structure
Reimbursement Claims Verification
Incentives, Perquisites, Arrears, Salary revision & Calculation
Preparing Salary MIS Reports
Preparing Loans & Advance Reports
Perquisite Valuation
Return Filing- TDS, ESI, PF
Investment Declarations & Proofs
Salary & Reimbursement Processing
Expat Employee Calculations
Issuing Form 16, 12ba
Online Access to view /print salary slip
Tax Computation & Withholdings
Statutory Compliance Management
Employees online submissions i.e. Tax saving investments declaration and proofs
Preparing Statutory Reports
ITR Filing Facility
Employee Separations –full N Final Settlements
Employee Self Service Utility
Attendance and Leave Management
Loan & Advance Management
Calculation of Bonus, Gratuity, Leave Encashment
Employee Queries & Tax Consultancy
Help Desk & Support Services etc.
Why Outsourcing to usÂ
Free up your time & enhance productivity
Management focus on core activities
Cost Reduction
Alleviate Pain
Offer Direct Deposits
Team of experts
Payroll Process Enhancement
Timely & Accurate Processing
Enhanced security & Confidentiality
Lower risk related to compliance and penalties
Speedy resolution of employee issues
Employees Satisfaction
Help Desk & Support service 24/7
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