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Payroll Outsourcing Services

 

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 us 

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

 

Get In Touch

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