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Pay-roll

Pay-roll

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Published by Mahesh Kumar

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Published by: Mahesh Kumar on Feb 15, 2012
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03/28/2015

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STATUTORY COMPLIANCE LIST, COMPENSATION AND BENEFITS

a)PF, ESI & PT
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Statutory Acts, Rules, Procedures, Forms, Formats, Filings, Assessment Procedures, Calculations & Employee Benefits. Payment Challans, Monthly returns, Half yearly returns, Annual returns, Settlement Forms, Transfer forms etc. Due dates & filing all the forms linking to the payroll summary.

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b)PAYROLL
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Payroll processing supported by real time exposure to the payroll software. Designing CTC breakup as per the offer letter. Designing break up for gross salary in view of tax exemptions & other related acts. Designing the pay slip with all statutory & other deductions. Preparing payroll summary. Updating employee's database for new joinees & discussion on settlement process/ F & F. Discussion on some formats like offer letter, Appointment letter, Relieving letter, Experience letter & confirmation letter. Discussion on formats used during employee joining & exit Process.

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c)LEAVE CALCULATIONS Eligibility Criteria for EL, CL & SL, Leave policy, Calculations, deductions & reimbursement. d)LABOUR LAWS Bonus act, Gratuity act, Shops & establishment act, Contract Labour act & Payment of minimum wages act. e)INCOME TAX
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Tax planning for employees. Tax slab rates.

Payroll structure. You'll have in-depth knowledge on all the areas of PF. Format & Procedure for TDS Calculations.including Income Tax. Formats & Due dates. TDS Deductions.. PT. Form 16 & ITR. etc. TDS & Tax Planning for employees up to Form 16 & Form 16A.y y y y y Exemptions and allowances. Deduction on savings & Investments. TDS on Professional consultancy services & employee working as consultants. ESI. Calculations Forms. .

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