Payroll Services
Payroll being an indispensable function for any organization demands specialization and a clear understanding of applicable laws in systematic processing of the employees payroll. Understanding this burgeoning requirement and also to foster confidentiality and administrative convenience, we offer a discreet range of payroll services to our wide base of clients.
By Partnering with PKP Whether you are a small business looking to take on your first employees or a larger, global organization looking to outsource your payroll service, we can assist you and the benefits include:
Consolidated, error free documents & reports with sharper business intelligence and analytics- Lower the risks and hassle free management of employee payroll process
- Better Resource management, deployment and will decrease the infrastructure investment
- Support your entire employee payroll life-cycle, from their date of joining to exit
- Lower risk related to compliance and penalties
- Speedy resolution of employee queries
PKP payroll services offers:
- Monthly payroll processing based on the latest legislative updates
- Processing Investment declarations of your new joins and updating it
- Ensure accurate processing of the legal compliance which includes Provident fund(PF), Employee state Insurance(ESI) Professional Tax (PT) Labour welfare fund.
- Processing of reimbursements and arrears based on validating the claim and integrate the validated claims with payroll data
- Processing the full and final settlement for employees after verification of leave encashment days other payments/tax deductions.
- Calculation of employee tax liability based on declarations provided
- Ensuring compliance to withholding tax provisions – deduction, payment and returns
- Dissemination of monthly salary slips and annual Form 16 to employees
- Assistance in structuring of salaries – breakdown into various components