Our Payroll Outsourcing services are a full-fledged payroll solution that reduces processing costs while ensuring accurate, streamlined and consistent execution of your payroll needs. Paramarsh rates amongst the HR Outsourcing and Payroll Outsourcing service providers in India today, with Payroll outsourcing services designed to suit complex needs of clients. Our experts can advise you or handle Compensation Structuring, Benefits Administration, Tax processing, Year end activity or reports, Flexi pay packages and a very time bound Query management.

Payroll is one of the many responsibilities for an employer and is a crucial part of the business. Your business cannot do without payroll and it is not simple. Streamlined and error-free payroll processes can do more for you. It can help you unlock business insights, improve compliance and steer your business towards comprehensive human capital management.  Payroll is not just about paying people, but well managed payroll processes reduce costs and mitigates compliance risk. In addition error-free data management helps you with new business insights, easier compliance and helps you take your human capital management to the next level.

Payroll Outsourcing Benefits:

  • Increasing Operating Efficiencies
  • Reduce the cost
  • Increase payroll efficiency
  • Reduce Risk
  • Improve Management Information
  • Reduce the Stress
  • Freeing up time to focus on core activities
  • Avoid Penalties
  • Avoid Technologies Headaches
  • Peace of mind gained from expertise

Paramarsh Payroll services are configured to cater specific requirements of our clients which may include the activities mentioned below:

  • Create and Maintain Employees and Salary Masters.
  • Reports and Files for Salary uploads / transfer through Bank.
  • Framing of Salary Structure according to prevailing laws.
  • Payroll Variations Report.
  • Formation & Implementation of Company’s Policies & Procedures.
  • Process of Submission of PF, ESIC & PT challans / reports & LWF docs.
  • Employees / Labour Entry & Exit / Movement description.
  • Documentations for Allowances & Reimbursement i.e. LTA, Medical, Education,…etc.
  • Attendance & Leave Records and Data.
  • Process of Bonus & Gratuity as per the law.
  • Monthly Payroll Processing.
  • Full & Final statement of left employees.
  • Process of deductions such as PF, ESIC, PT, LWF, Loan & Advances
  • Income tax computation & Form 16 of Employees.
  • Generate & Distribution of Employees Pay Slips.
  • Monthly & Annual Salary Statements & Reports.