1. Payroll Management and Processing
Calculation of employee salaries, bonuses, and other compensations.
Maintenance of payroll records and pay-slips.
Timely disbursement of salaries and managing payment methods.
2. Taxation and Compliance
Calculation and deduction of statutory taxes (TDS, Provident Fund, ESI, etc.).
Filing of tax returns and ensuring compliance with tax regulations.
Assistance with tax planning and optimization for employees and the organization.
3. Statutory Compliance
Ensuring compliance with labor laws and employment regulations (e.g., Payment of Gratuity Act, Minimum Wages Act).
Filing and submission of statutory returns such as PF, ESI, and others.
Handling audits and inspections related to employee benefits and labor laws.
4. Employee Benefits and Welfare
Structuring employee benefits packages (health insurance, retirement plans, etc.).
Calculation of gratuity, leave encashment, and other employee-related payments.
Managing tax exemptions and deductions related to employee benefits.
5. Reimbursement and Claims Processing
Setting up reimbursement policies (travel, medical, etc.).
Ensuring compliance with tax treatment of reimbursements.
Managing claims and reimbursements for employees in a timely manner.
6. HR Advisory and Strategic Planning
Advising on the financial aspects of HR policies and practices.
Helping design compensation structures that are tax-efficient.
Assisting in structuring performance-based compensation, bonuses, or stock options.
7. Internal Audits and Controls
Performing internal audits related to payroll and HR processes.
Identifying risks and recommending internal controls to ensure compliance.
Conducting audits to ensure that payroll and HR processes are efficient and error-free.
8. HR Reporting and Financial Analysis
Preparation of monthly/quarterly/annual HR and payroll reports for management.
Analyzing payroll data for trends, such as employee turnover, overtime, and cost analysis.
Providing insights for budget planning and forecasting.
9. New employees scanning and on-boarding
Verifying and screening new employees for compliance with statutory
Ensuring proper documentation for new hires, including contracts and agreements signing, statutory forms, and legal paperwork.
Ensuring compliance with legal and statutory requirements.
Advising on the tax implications of various clauses in employment contracts.
10. Employee Exit and Settlement
Handling final settlement calculations, including unpaid leave, bonus, and other dues.
Ensuring compliance with applicable tax laws during the employee exit process.
Providing tax assistance related to the employee’s final settlement.
