GREENVISSAGE OFFERS PAYROLL SERVICES
WITH HIGHEST ACCURACY AND QUALITY
We render comprehensive payroll
processing service from computation
of salary to TDS monitoring.
The Basics of Payroll Processing Services
Payroll is just not about paying your employees, it’s the key factor which helps you to grow more in your business. So, each and every organization should know the importance of payroll to achieve their business goals. Payroll is a process of calculating and disbursing employees pay every month. Company’s payroll is one of the largest business expense and involves an understanding of the current regulations and detailed knowledge of tax. Being a people centric sensitive area, it is necessary that there is accuracy and reliability in payroll processing.
Greenvissage is a leading payroll processing outsourcing company in Pune; we specialize in Payroll management, online web Payroll system, managing statutory filing, processing end to end Payroll and providing customised outputs. Our payroll processing services team manages the entire payroll function for a company covering designing the components of salary structure as per India laws, monthly calculations, reconciliations, deductions, bank uploads, payslips, tax, and other compliances, employee query resolution, etc for domestic as well as expat staff.
The payroll function is normally complex on two major counts: Handling numerical data and complying with regulatory provisions. With the passage of time, data that initially appears to be small and manageable becomes voluminous and complex. With practically no margin for error, it becomes imperative to put in place necessary checks, controls and mechanisms for reconciliation for razor sharp accuracy.
Apart from the payments, deductions too need to be handled with meticulous care. There are several diverse regulatory authorities which require deductions to be made from the employees’ salary like provident fund, profession tax, employees state insurance etc. Because of the tax withholding provisions, payroll in India involves a number of tax considerations and compliances. The employer is required to deduct tax on not just the salary payable to the employee but is also required to consider prospective investments and expenditures of the employee while deducting it. This can be possible only if there are appropriate forms, procedures, deadlines, etc set to achieve the desired goal. The mechanism keeps changing as laws in India too keep changing.
Our payroll processing service imbibes the above need of a client and ensures that regular law updates are sent to client and timely appropriate actions are taken.
Customized Payroll Processing Services
You can now get customized and accurate payroll processing services as we ensure error-free payroll management activities.
Benefits of Payroll Outsourcing
With our immense range of services, your business can enjoy each and every benefit of the payroll process which is timely and accurate.
Flexible Solution for Processing Monthly Salaries
Get an easy and flexible solution for processing monthly salaries for your employees. Our operational experts will handle each and every aspect in a reliable manner and all you need to do is just let us know the complete details of variable monthly particulars.
Processing Reimbursements and Arrears
Reimbursement claims of your employees and arrear processing can be handled by our experts in a comprehensive way which you can concentrate on your core business activities.
Perfected Payroll Compliance Services
Your organisation can enjoy the accurate processing of compliance services such as PF, ESI, MLWF, etc with Greenvissage.
Easy Way to Manage Employee Queries
Query management in a business is a complicated process and it should be ensured with a perfect solution. With our comprehensive query management tool, your employees may raise or find a reliable solution for their queries regarding tax, salary, reimbursement claims and others.
Final Salary Settlement
To ensure complete compliance according to legal and company policies, the final settlements of the employees need to be comprehensively addressed. Our experts will ensure that the final salary settlements are addressed comprehensively by managing each and every aspect according to company policies.
Payroll Consultants & Payroll Outsourcing Companies in Pune
As one of the top payroll processing/outsourcing companies in Pune, we understand the payroll processing of an organization and offer you reliable and error-free payroll processing/management activities.
Below are certain aspects of our service of payroll which you will find useful:
We understand that the data is sensitive and confidential
Companies have a definitive rationale behind getting their payroll administered by an external agency. Companies are wary of their internal staff to be aware of the other employees’ salary particularly because the employees mingle together and even a casual discussion on payments can create problems for them. Any leak can seriously affect the retention of the employees.
Some of the confidentiality measures that we have incorporated are:
- All communication from our end happens with the authorized person at the client which is usually the management and the HR department
- All attachments like pay slips to individual employees, reports to the management are password protected
- The helpdesk replies to authorized persons only on payroll-related queries
- We follow a process manual for the entire end-to-end salary functioning along with specific Statement of Procedures (SOP) with the client
- Back-to-back confidentiality agreement is signed with the client and employees
- Our internal team working on payroll is made aware of the critical nature of the data and access is restricted to specified persons only through user rights
- An optional feature provided to the employees is that they can access their monthly payments, deductions, tax computations, master data, etc online.
We have an Employee Helpdesk
We believe running a helpdesk for employee queries on their payroll is a vital service by a payroll outsourcing company. We at Greenvissage use a matured “Ticketing System” to track and resolve queries of employees/company HR.
Employee start-up kit for initial updation
Upon joining, we give each employee a startup kit that includes:
- A detailed and sequential list of dates on when should they expect what from us and vice versa
- The documents they need to submit for tax records
- Tax deductions and exemption limits as applicable for the year
Provision of online templates
A monthly sheet provided to the client can be uploaded to banking website so online transfers can be made at the click of a button.
Presentations for the company and company employees
Our payroll processing services also include presentations to company and its employees for understanding the components of salary structure in India, what documents should be submitted to avail the tax exemptions, how the employee income tax works, if any declarations are required from them, do’s and don’t’s while completing the forms or updating the system etc. The company is also updated on matters like importance of depositing the employee contribution of provident fund with the Government on time, what are the different perquisites which can be included and its tax impact, whether relocation expenses paid to employees are taxable, expat taxation, National Pension Scheme (NPS) benefits etc.
Today every business needs leadership. We manage your business,
while you are busy building it… leading it.
Company’s advantage in outsourcing its payroll to Greenvissage
With the entire payroll functionality under our purview, the HR departments can divert their energies towards selection and recruitment of resources, development and maintenance of performance-measurement matrices and conducting training programs, among other things. These invariably have a positive impact on the way the company fares on all fronts.
We follow a multi-pronged approach in addressing our client needs:
Standardise
We identify your standard recurring expenses and forecast and budget for it in your expense projection.
Systematise
While making relevant provisions for it on an annual / monthly basis, we also help you design and frame policies that seek to improve efficiencies within your business unit.
Supervise
We set in motion a proactive follow-and-update process on accruing regulatory changes that saves you the ordeal of chasing us.
Simplify
Our deep insight enables us to visualise issues or challenges and give you sufficient buffer time to act on it.
Single point of contact
Along with our accounting services we also closely co-ordinate with several agencies such as bankers, auditors, insurers, lawyers, directors etc.
CLIENTELE
Blogs
Section 194R – A brief analysis of new TDS complianceJuly 28, 2022 - 11:16 am
Windfall Tax – The Government’s Robinhood ActJuly 15, 2022 - 12:25 pm
Why is Holcim exiting India and what it means for Cement prices?June 12, 2022 - 8:51 am
New VPN Rules – Is the Government stretching too far?June 12, 2022 - 8:40 am