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Payroll processing
Combining process and technology with professional expertise.
Wazzeer has been extremely efficient at finding the best-suited service providers and handling any issue or urgent requirements. They have come to our rescue for pretty much any non-business requirements. Strong recommendation from our side :)
More about Payroll processing
What does the accounting package include?
- Salary structure of employees
- Calculation of monthly salaries
- Calculation and support in filing of monthly TDS for salaries
- Calculation and support in filing of monthly Professional Tax amount
- Calculation and support in filing of monthly PF amount
- TDS returns filings
- Generation of Form 16 at the end of the year
Best suited for:
- Startups
- Small businesses
Process Flow
Timeline 4-6 working days- Raise a request with us, discussion with Wazzeer team, share basic information
- Review proposal and hire
- Share details and documents
- Coming up with salary structure of the employees
- Calculation of monthly salary for the employees
- TDS amount calculation and filing support
- PT amount calculation and filing support
- PF amount calculation and filing support
- TDS returns filings
- Generation of Form 16 for each employee at the end of the year
Required Documents
- Employee salary details
- Any change in the salary of the employees in that month
Key Deliverables
- Salary structure
- Pay slips
- Salary TDS amount and its filing
- PT amount and its filing
- PF amount and its filing
- Form 16 for each employee at the end of the year
Why choose Wazzeer?
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One platform for all your requirements
Incorporation is just the first step. Wazzeer supports you throughout your journey as an entrepreneur. Log in to get things done efficiently. A dedicated Account Manager offers the required human touch and acts as an advisor to you.
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Experienced professionals
Our professionals have at least 5 years of experience and have incorporated thousands of companies among them. The rich experience ensures that the process is smooth and right in the first go.
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Defined process
Over the last few years, doing over 500 incorporations, we have defined every step of the process. A virtual process is in place enabling us to deliver hassle free experience for you.
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Cost Effective
You pay what you see in the proposal. No surprises or hidden charges.
Frequently Asked Questions
What is payroll processing?
Payroll processing the process of salaries to your employees according to company policy and statutory requirements. The net amount to be payable to every employee will have to be calculated each month after accounting for deductions like fines & penalties, advances, statutory deductions like PF, ESI, Gratuity, health insurance and additions like reimbursements, bonuses and incentives as per company policy and statutory requirements. It also includes deciding the salary structure, generation of payslips and generation of form 16
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Are there any filings involved in payroll processing?
Strictly speaking there are no filings required in Payroll Processing. However, the statutory requirements related to the payroll processing like PT filing, TDS on salaries filing, PF filing, ESI filing etc. can be considered as filing in payroll processing.
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Will you provide the salary breakup for my employees if I provide the CTC for my employees?
Yes. As a part of payroll processing we will help you in coming up with the best suited salary structure of the employees.
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What happens if we miss the filings under payroll processing?
There are stringent Penalties and interests levied in case of non filing of the statutory filings. This penalty is liable to be paid by the company and this cannot be passed on to employees.
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What are Form 16?
Form 16 is generated once a year by the Income Tax department on the TDS deducted against the salary of the employees. This form is used by the employees while filing their Income Tax returns.
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