Payroll Management Services (PMS)
Accounting of Employees
Helps manitain , manage & comply with Statutory Laws related to payroll
WE MADE IT SIMPLE . JUST TWO STEPS
Provide the relevant Information
Overview
What it is Payroll Services?
Payroll Services is a process or service by which we account for the salaries paid to the employees . This service includes the maintenance of employee financial records with respect to the salaries, tax deductions, incentives and other statutory requirements like PF (Provident Fund) and ESI (Employees’ State Insurance). An effective payroll management system ensures timely payment of salaries to employees. Through this service the employees are able to get thier pay slips, TDS certificate , Salary certificates and all the other detaila including the statutory deductions . This bring tax effectiveness and transparency.
Benefits
Economical and Effective
The PMS helps to plan the employee remuneration system. It helps the management to reliev themselves from the day today task of the payroll payments and statutary compliances.
The PMS manges all the aspects related to day today activities like attendance, incentives, tax decuctions, labor law complinances , tax efficiency systems etc.
Tax Deductions Management & Filings
Easies the Tax Deduction, Compliances and plannings related to employees salaries.
Also generates the tax returns and smoothens the deduction and deposit process.
Evaluation Support
Generates the reports related to salary, incentives , bonuses etc.for the management. This makes it easier for companies to evaluate employee performance at the time of appraisal and determine compensation.
Branding Support
The name 'A Square Finserv' embodies our ethos:
'Square' symbolizes integrity and equilibrium in our work, while 'Finserv' underscores our passion for delivering cutting-edge financial services and advisory.
How?
Step 1:– Provide the relevant Information as follows
- Basic Information of Company like Incorporation Certificate, PAN, TAN, ESI & PF Registerations.
- Basic Information of Employees like
- Salary
- Classification of employee
- Incentive Plan
- Insurance Benefits other than ESI
- Payment Plan
- Other benefits to Plan
- Leave Policy
- Cost to company structure
Note: In case we have to plan the salry structure the we willplan as a part of our package
Step 2:- On the basis of the above information, we will plan and execute the PMS In case we have to plan the full Payroll we will do the following for You.
Tax planning for employees
Tax Planning is an important aspect for employees as this helps them save on. We give the best tax solution for tax efficiency.
Cost to Company structure Designing:
CTC includes basic pay, allowances, reimbursements, bonuses, other benefits, etc paid by the company. This also includes the other cost to the company for availing the services of the employee. The structuring helps understand both the employer and employee the cost to company and the in-hand salary and other benefits available to the employee
Labour Law Compliance
Labour Law compliance includes the compliance with the provisions of the Provident Funds Act, ESI, Bonus Act, Maternity Leaves Act, and other miscellaneous acts. This involves the planning and execution and preparing the framework for compliance with the various laws depending on the ste up of the organisation. this is very important for the labor intensive and the startups todo.
Setting up of reimbursement system and planning
Promotion Planning for employees
Employment Agreement
We also help in drafting and executing the Employment agreements to avoid any legal problems and bring transparity in the organization.
The employment agreement includes the conditions of employment and the rights, responsibilities, and obligations of both parties during the tenure of employment. This agreement also helps employees in getting a fair understanding of the job responsibilities and the expectations of the company.
HR policies Framework
Drafting Leave Policy
Trusted by over 500+ loyal customers
A reliable and well-structured CA firm. A Square Finserv ensures compliance-driven solutions with timely execution.
The team at A Square Finserv is highly knowledgeable and professional. Their guidance on taxation and compliance has been precise.
A Square Finserv provides dependable accounting and advisory services with a disciplined and transparent approach.
Professional handling of statutory and compliance matters by A Square Finserv. Their attention to detail is commendable.
A Square Finserv maintains high service standards and delivers accurate financial solutions. Communication is clear and timely.
The firm demonstrates strong expertise in accounting and taxation. A Square Finserv is a trusted advisory partner.
A Square Finserv offers structured and compliant services with consistent professionalism. Overall experience has been excellent.
The team at A Square Finserv ensures timely delivery and accurate compliance support. Their advisory inputs are practical.
A Square Finserv follows a systematic and ethical approach in all assignments. Their technical strength is evident.
Our FAQ
Answers To Your Questions
An allowance is a fixed sum that a company may decide to pay its employees to cover additional expenses. For example travel allowance, overtime allowance, medical allowance, etc. All financial benefits that employer offers under the head “salaries” are taxable. Certain allowances are partially or fully exempted. Reimbursements are the amounts that a company pays back to its employees who may incur business-related expenses. For instance, many companies provide medical reimbursements where employees can claim the amount by presenting appropriate bills and proof of expenditure.
We are 30 years old organisation and the client secrercy and confedentiallity is our high Priority
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Our Location
Unit No.206, SS Plaza Sector-47, Gurgaon, Haryana-122018