Payroll Outsourcing Overview

Aplite offers monthly payroll management services to let you handle your salary expenses more efficiently. We help in the end-to-end process, from CTC (Cost to Company) structure framing to finalising monthly take-home salary after income tax and provident fund calculations. Here is a detailed guide how you can benefit from our payroll services:

1. CTC Structuring
CTC is the overall cost that a company bears in respect of its employees after their hiring. Nowadays, CTCs do not just comprise of basic salary and other related components, but they are becoming a blend of other perks and perquisites as well that are offered by an employer to their employees. Such perks can be Employee Stock Option Plan (ESOP) or Residential Accommodation, to name a few. Their valuation is often very tedious and asks for numerous considerations. Aplite helps you in framing an optimum CTC structure and with calculated benefits and costs. CTC can be the make-or-break game for every organisation because it helps in attracting right talent into your organisation. With a rewarding CTC structure framed with the help of professionals like us, organisations can hire right talent while keeping in mind cost considerations.

2. PF/ESI Compliances
Every employer in India who employs a certain number of people is required to comply with Employees Provident Fund Act, 1952 and Employees State Insurance Act, 1948. Almost every employer falls liable under these Acts, and thus, feels burdened due to additional compliances. Each of these Acts prescribes a unique calculation method to estimates dues under them. This creates an additional responsibility over organisations to keep them updated with provisions of such laws and duly comply with them. With payroll outsourcing services offered at Aplite, you can now easily handover these responsibilities to us and let our experts work for you. We extend or industry knowledge and experience to help you determine monthly dues and effectively comply with them.

3. Income Tax TDS Calculations
Every employer in India is liable to deduct tax at source before paying salaries to their employees and deposit the same with Tax Authorities. Any default in this regard can land employers in interests and penalties. Apart from these, every employer is required to collect various declarations and income tax deductions proofs from their employees to calculate final tax liability every year end. Any error in allowing deductions can make employers pay heavily. With numerous income tax deductions available these days, it often becomes difficult for organisations to finalise them.

Aplite extends comprehensive tax calculation services for your payroll management. We help you calculate monthly income tax dues to be deducted from salaries as well as finalising income tax deductions for employees by offering detailed scrutiny services for tax documents. Thus, Aplite is one-stop solution for your tax needs.

4. Full and Final Settlements
Every organisation has certain employees who depart from their organisation every month. Employers are liable to calculate their full and final salaries at the time of their departure after considering various laws like Gratuity, PF and other perks and reimbursements. Income tax deductions also needs to be finalised at this time. It becomes difficult for you as an employer to calculate their final dues as any mis-calculation can make you pay from your pocket.

Thus, Aplite offers full and final settlement calculation services. After studying the company policies and employee-specific information, we help you finalise F&F dues so as to keep you assure with all the applicable compliances.

5. Miscellaneous
Apart from above compliances, organisations may also be liable under certain other laws like state-wise professional tax, Factories Act and other industry-specific acts. These may affect monthly payroll calculations and every employer needs to consider them in their calculations. By availing Aplite’s payroll management services, our experts will help you identify all such compliances applicable upon you and comply with them.