Human Resource is an asset of paramount importance for any corporate entity. With a culture of departmentalization and clear demarcation between ownership and management, it becomes more challenging in the corporate world to keep a check on employee compensation and perquisites. The challenge also comes in the form of size and spread of such organizations with a high joining and attrition rate amongst the workforce. To provide a solution to these challenges, Aplite has introduced Payroll Outsourcing Services to, exclusively, cater to the needs of our corporate clients.
1. Monthly Salary Processing: We take care of the monthly task of processing salary for your workforce pan India and be compliant with all national and local laws. Accounting and bookkeeping experts at Aplite make sure that all the companies like Provident Fund, Income Tax TDS, and Gratuity are on point in all respects. We closely integrate our operations with your systems and applications to ensure a seamless and error-free service experience.
2. Salary Process Optimisation: At Aplite, being the best-outsourced payroll provider, we have handled payroll processing for more than 1000 corporate clients. Thus, our professionals are aware of the best industry practices and we extend the same to all our clients to help them rationalize and streamline their monthly salary preparation process with proper guidelines for the onboarding and offboarding process of employees.
3. Income Tax TDS Calculation and Filing: As per the provisions of Income Tax Act, 1961, every employer is responsible for calculating and deduction income tax contribution of employees while paying salary to them. This comes as an additional compliance burden upon corporate employers as they need to calculate tax liability for employees after obtaining declarations and income tax deductions proofs for them. At Aplite, we undertake the responsibility to conduct this process smoothly by assigning our professionals at your service. We help you estimate your monthly TDS deposits and ensure to file your quarterly TDS returns on time for timely disbursement of Form 16.
4. Advisory: Aplite also extends extends advisory services in relation to corporate payroll services like CTC framing, fair value determination and taxability of perquisites. In addition to this, we also handle litigation related to TDS on salaries and advise you upon effective strategies to tackle the same.
Aplite Advisors is a leading firm of Chartered Accountants positioned in Delhi but catering to clients all over the world. With an industry experience of more than 10 years, we have always been regarded as the first choice for any new firm registration services, financial advisory services and outsourced bookkeeping service by our clients. Let us look deeply into why Aplite could be the best financial consulting firm for your organisation.
We have been serving our clients faithfully since a long period of time. We value the trust and time you place upon us and thus, deliver our services in the best possible manner. We understand your concern and assure you upon confidentiality of your data and accuracy of our services.
We employ the best pool of talent at our firm. We are experienced and know how to handle complex business situations or professional accounting services. Ours is a team of Chartered Accountants and other professionals who are legally licenced and qualified to render professional services.
At Aplite, we strongly believe in punctuality and timely delivery of our services. Not only do we deliver our commitments on time, but we also keep reminding our clients about their deadlines to ensure timely finishing of their legal compliances.
Internal payroll management is time-consuming, labour-intensive, and expensive. When you outsource payroll, you can save time that your employees would otherwise spend on the following tasks:
According to Inc. Magazine, the first duty that your company should outsource is payroll. Payroll Processing Services in India have the skills and ability to relieve your staff of the time-consuming processes involved in payroll management.
When you outsource this element of your business process, your employees are free to focus on other duties that help your company create income and offer value. In other words, more time and resources may be allocated to essential company tasks.
Every person involved in supply of goods and services in India needs to register under GST. In general, the registration is required if turnover in case of sale of goods exceed Rs. 40 lakhs during the year and Rs. 20 lakhs for services. Some north-eastern states have the threshold limit of Rs. 10 lakhs only. For some supplies, registration is mandatory like in case of import/ export of goods and services.
You may better assign responsibilities when you outsource Payroll Processing Services to India. In reality, such a service can aid in the development of the discipline.
Every company wishes to develop an efficient and error-free payroll administration system. However, not everyone will be able to do this. A payroll processing service can help you keep your expectations in check.
Regulations regarding taxes are always changing. If your employees are unable to keep up with these developments, the number of mistakes will rise, resulting in higher IRS fines and penalties. Payroll Outsourcing Services in India stay up with the current tax requirements on a regular basis. They can compute and file your company’s federal and state payroll taxes on time.
Outsourcing payroll processing can help your company save money in a variety of ways. The most significant cost savings are time savings. Your employees may save time in a variety of ways, including the following:
When you run a time-cost analysis on a monthly or payroll-period basis, you’ll discover that payroll services providers in India save time and money. Furthermore, every time saved equates to cost savings.
Outsourcing to the proper business can help you organize your payroll operations. Among the benefits they may provide as part of their services are:
New and more effective solutions for improved task, deadline, and responsibility management Different forms of information management software and sophisticated filing systems Payroll processes are far more expensive to conduct in-house than they are to outsource. Such a business has all of the necessary tools and skills to keep your payroll processes structured.
Outsourcing payroll processing services to India has several advantages. Your company will continue to evolve at a rapid pace. Companies and their activities typically expand over time. This may need scaling up your payroll processing requirements. Outsourcing to corporate payroll processing companies in India has the advantage of being able to scale up and down depending on your needs. There will be no need for you to recruit more personnel, and you will not need to make any significant modifications to your payroll processing procedures.
