Payroll Process Outsourcing
Payroll management is a crucial and complex aspect of the HR function. It demands meticulous planning, precise work execution, strict quality control, and agility. Choosing the right payroll partner is the first step toward optimizing efficiency and maximizing business outcomes.
At I Soft Services, our payroll outsourcing unit delivers accurate and efficient payroll processing through a fully customized payroll engine. This advanced system allows us to manage multiple clients with varying levels of complexity seamlessly.
Our Payroll Management Expertise
● Payroll Processing: Timely and accurate salary computation and disbursement.
● Reimbursement Processing: Efficient handling of employee claims and reimbursements.
● Query Management/Help Desk: Dedicated support to resolve payroll-related queries.
● Full & Final Settlement Processing: Seamless processing of employee exit formalities.
● Report Generation: Comprehensive payroll reports tailored to your business needs.
● Form 16 Generation: Annual preparation and distribution of Form 16 for employees.
● Record Retention: Secure and organized maintenance of payroll records.
● Statutory Compliance & Returns: Accurate generation and filing of statutory reports and returns.
Comprehensive Statutory Compliance Outsourcing
Navigating the complexities of legal and statutory compliance is essential for every business. Our dedicated Knowledge Management Office provides ongoing support and updates to ensure your organization remains compliant with evolving regulations. We proactively monitor market dynamics specific to your industry and deliver regular legislative updates, enabling you to respond swiftly to changing statutes and labor laws.
Our Statutory Compliance Expertise
● Statutory Compliance Audit: Thorough audits to ensure adherence to legal requirements.
● Retiral Trust Management Services: Managing employee provident and pension fund trusts.
● HR and Statutory Due Diligence: Comprehensive assessment of statutory compliance practices.
● Statutory Advisory Services: Expert guidance on regulatory obligations and best practices.
● Statutory Benefits Administration: Management of employee benefits under statutory frameworks.
● Coverage of Key Labor Laws: Including the Factories Act, ESI Act, Minimum Wages Act, Bonus Act, Shop and Establishment Act, PF and Miscellaneous Provisions Act, and Labour Welfare Fund.
Partner with I Soft Services for precise, reliable, and comprehensive payroll and statutory compliance management, ensuring your business operates smoothly while staying fully compliant.
