Payroll Management Services
Payroll management refers to the process of handling all tasks related to paying employees accurately and on time. It includes calculating salaries, deductions, taxes, and ensuring compliance with labor laws. Proper payroll management helps maintain employee satisfaction and avoids legal issues.
Key Components of Payroll Management
1. Employee data management
Maintaining records such as employee names, roles, attendance, leaves, salary structure, and joining dates.
2. Salary calculation
Computing gross salary, allowances, overtime, and incentives. Calculating deductions such as PF, ESI, TDS, and professional tax to arrive at net salary.
3. Statutory compliance
Ensuring compliance with legal requirements like Provident Fund (PF), Employee State Insurance (ESI), Income Tax, Labor Welfare Fund, Gratuity, and other state-level laws.
4. Attendance and leave tracking
Integrating attendance records with payroll to calculate accurate working days, leaves taken, and overtime.
5. Payslip generation
Preparing and issuing payslips each month that show salary breakup, deductions, and net pay.
6. Payroll taxes
Calculating and depositing monthly and quarterly taxes such as TDS, PF contributions, and ESI contributions.
7. Record keeping
Maintaining proper payroll reports, employee information, tax filings, and audit trails for future reference.
8. Reimbursement and benefits management
Processing claims like travel reimbursements, medical bills, bonuses, and employee benefits.
9. Coordinating with departments
Working with HR and Finance teams to update employee changes, process new joiners or exits, and maintain accurate data.
10. Payroll audit and correction
Reviewing payroll regularly to identify errors, mismatches, or compliance issues and correcting them promptly.
Statutory Compliance We Handle
Provident Fund (PF)
Monthly PF contribution and return filing
ESI (Employee State Insurance)
ESI registration and monthly contributions
TDS on Salary
Tax deduction at source and quarterly returns
Professional Tax
State-wise professional tax compliance
Labor Welfare Fund
LWF contributions as per state rules
Gratuity
Gratuity calculation and compliance
Benefits of Proper Payroll Management
Ensures timely and error-free salary payments
Improves employee trust and satisfaction
Avoids penalties due to compliance failures
Saves time through automation and proper systems
Provides accurate payroll reports for budgeting and decision-making
Our Payroll Process
Data Collection
Gather attendance & employee data
Processing
Calculate salary & deductions
Compliance
File returns & deposit taxes
Reporting
Generate payslips & reports
Why Choose AKOS for Payroll Management?
Error-Free Processing
Accurate salary calculations every time
On-Time Delivery
Payroll processed by committed dates
Complete Compliance
All statutory requirements handled
Dedicated Support
Expert team for all payroll queries
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Simplify Your Payroll Management
Let us handle your payroll while you focus on growing your business