Payroll

Payroll processing is one of the most important, complex and time-consuming procedures in finance and accounting. This is true whether it is a multinational company with thousands of employees, or a startup with just a handful of employees. Payroll processing is not just about salaries, but also includes the financial records related to an employee’s work history, such as deductions, bonuses, overtime, taxes, etc. Keeping this up-to-date and accurate is an important responsibility for any business or organization.

Payroll Computation

Monthly calculation and preparation of Salary statements for employees.

Salary disbursements

Generating pay slips and payment of salaries to employees.

Income Tax, PF, LWF, PT and ESI

Computation and meeting compliances requirements under Income Tax, PT, PF, ESI, LWF and other applicable labour laws.
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Detailed payroll reports

Payroll MIS and other customized management reports tailor-made for decision making.
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Employees loan management

Management of loans and advances provided to employees & computation of settlement.

Payslips, Form 16 and TDS worksheets

Generation of various reports for employees.
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Online IT declaration and proof collection

Collection of requisite details from employees for tax purposes.

HR and Accounting integration

Integration of Payroll computation with HRMS system and Accounting. 

By outsourcing payroll services to 31st March, your benefits will be:

  • Frees up time which can be used to focus on other strategic business activities
  • Saves costs related to human resources required to calculate payroll in-house
  • Incorrect or late payroll processing or incorrect tax calculations or deductions can attract penalties from the government. This will be prevented by engaging the payroll processing services of 31st March Consulting, which is always timely, consistent, and accurate
  • Tax regulations are kept up to date.
  • Helps keep your payroll processes confidential, secure and compliant with all regulations
  • We offer direct deposit which leads to more efficient and streamlined systems

Payroll Outsourcing Companies in Bangalore

Business becomes operational around the globe and reaches its zenith with the help of the employees. Employees are the biggest strength of any organization, but to maintain a proper ledger starting with the attendance and payroll is always a daunting task. This is where organizations look for Payroll Outsourcing. For every organization, payroll is an essential function, but it is time-consuming and complex. Thus, we, 31st March are one of the eminent Payroll Outsourcing Companies in Bangalore, that can streamline your payroll operations with excellence.

Having countless employees and looking after their payroll processing will take a lot of effort and money. We also understand that a minor error in this service can cost a lot of money to an organization. Our professionals are experienced and have expertise in this field and they can help organizations by providing timely and seamless payroll processing. Not only this, but we also take care of the financial records that are related to an employee’s work history, such as deductions, bonus, overtime, taxes, etc. We keep the list of works up-to-date and accurate, ensuring the business or organization gets to benefit by it. By hiring 31st March, you can be assured to receive the following benefits:

  • We deliver precision work in all the dimensions of payroll management
  • We help in generating accurate MIS reports in terms of payroll management as per your convenience.
  • Support executives who can quickly resolve queries related to the payroll
  • We use operating procedures and advanced software in the payroll management to take care of all the sensitive data of your employee and your organization.
  • We stay well-informed with all the updates on labour rules and other regulations and this helps in easily regulating the legal aspects of payroll management
  • We ensure that the employees of your organization have access to the necessary details like their salary, tax deductions, perk, etc.
  • Save costs related to human resources required to calculate payroll in-house
  • Tax regulations are kept up to date.
  • Help in keeping your payroll processes confidential, secure and compliant with all regulations
  • We offer direct deposit which leads to more efficient and streamlined systems
  • Saves time which can be used to focus on other strategic business activities
Hiring 31st March as your payroll outsourcing company in Bangalore will guarantee the industry’s best and perfect payroll solutions. Keeping this in mind, we offer eight layers of services under this subject and these are as follows.
Services
What do We Deliver?
PAYROLL COMPUTATION

 

 Deliver monthly calculation and preparation of Salary statements for employees
SALARY DISBURSEMENTS

 

 Generating payslips and payment of salaries to employees.
INCOME TAX, PF, LWF, PT AND ESI

 

 Computation and meeting compliances requirements under Income Tax, PT, PF, ESI, LWF and other applicable labour laws.
DETAILED PAYROLL REPORTS

 

 Payroll MIS and other customized management reports tailor-made for decision making.
EMPLOYEES LOAN MANAGEMENT

 

 Management of loans and advances provided to employees & computation of settlement.
PAYSLIPS, FORM 16 AND TDS WORKSHEETS

 

 Generation of various reports for employees
ONLINE IT DECLARATION AND PROOF COLLECTION

 

 Collection of requisite details from employees for tax purposes
HR AND ACCOUNTING INTEGRATION

 

 Integration of Payroll computation with HRMS system and Accounting

31st March is one of the best payroll outsourcing companies in Bangalore that has a thorough understanding of the latest norms related to payroll management. We, with the help of our expert professionals, ensure to make the payroll records error-free. We are always careful in maintaining the Client’s data and keeping it secure. To ensure a high standard of accuracy, we make use of the most efficient operating procedures and even use efficient softwares for operations. We make sure to protect the information of employees of your organization and utilize them as per the norms. Not only this, but we also offer consultation to your employees to have better investment and tax saving plans as well.

Hence, we are committed to deliver excellent payroll outsourcing services in Bangalore and meet the demands of the clients accordingly. It is due to our transparent and accurate payroll services that we are also regarded as the one of the most dependable HR solutions. In addition to this, to serve our prestigious clients in a better way, we have dedicated account managers, who work tirelessly to deliver uninterrupted payroll services for your organization.