February 23, 2018

Outsourced Accounting Payroll & Complaince


Human Capital Accelerators (HCA) will manage end to end payroll of your company which includes

Scope of Work
  • Processing of employees salary
  • Managing transfer of salary to employee’s bank account
  • Computation of statutory liabilities related to employee payroll
  • Employee Self Service (Optional)
Outsourced Payroll services:
  • Creation & Maintenance of Master data of employees
  • Monthly processing of payroll & preparation of bank transfer file in bank prescribed
    format for crediting salary to the bank account of employees.
  • Monthly preparation & distribution of password protected – Pay slip and Income Tax
    Computation Sheet for employees, in softcopy
  • Calculation of employee related statutory liabilities i.e. PT, TDS, PF, ESIC, LWF as
  • Upload New recruits & Separations to the payroll system
  • Verification of Employee Income Tax Investment Proofs on annual basis
  • Issue of Form No.16 on annual basis
  • Full & Final settlements
  • Generating Statutory and Compliances reports
  • Generation of Salary JV
  • Attending and resolving employee queries on email
  • Advice on salary restructuring, if desired by the Customer
Key Reports:
  • Employee wise monthly Salary Register
  • Variation report, comparison of previous month and current month for all the
    employees for all the earning / deduction codes.
  • Full and Final Settlement report.
  • Provident fund / Professional tax / TDS/ ESIC/ LWF for making the payments thereof.
Web based Employee Self Service Solution (optional) which has utilities such as:
  • Pay slip
  • Tax Report
  • Form 16
  • Income Tax Calculator
  • Annual Salary Statement
  • Income Tax Computation Sheet
  • Income Tax Investments
  • Personal Details
Support and Value-Added Services-
  • Data Migration
  • ESS Training
  • Attending & resolving employee queries on Email & Telephonic Support
  • Advice on salary restructuring ( Optional )