We provide reliable services to companies in “Payroll Management”. We maintain payroll record and complying all statutory like Attendance, Leave management, disbursement of wages as per the statute, minimum wages, deposit of social security benefits like EPF, ESIC, Gratuity, Bonus etc. in schedule time. This helps clients to concentrate on their activities which matters to them the most. We ANG team which works in coordination with each other and make sure all the employees payroll is managed properly.
Brief Information about Payroll Processing and Management
Payroll Processing & Preparation Flow
Our services include following:
Salary Calculation and deductions
Salary Processing and reports
PF, PT & ESCI Calculations
Handling other compliance
matters
Organizing payments to employees through direct bank transfers
Issuing salary slips, maintain salary statement
Frequently Asked Questions (FAQs)
What does Salary Income means ?
Salary normally includes wages, annuity, pension, gratuity, commission, perquisites, etc. and any other payment received by an employee from the employer during the year.
What do Allowances means?
Allowances are fixed sums of money paid regularly in addition to salary for the purpose of meeting some particular requirement. There are 3 types of allowances –
• Taxable allowances
• Partially-exempted allowances
• Fully-exempted allowances
What is Perquisite and how it is taxed?
Perquisites are emoluments or benefits received from an employer, in addition to salary, bonus, allowances, gratuity, etc. They include rent-free accommodation, free electricity, gas, etc.
What is a Permanent Account Number (PAN)?
Permanent Account Number (PAN) is a unique identification number by which the Assessing Officer of the Income Tax Department can identify any assesse.