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Payroll Management Services

Structured, technology-enabled payroll processing ensuring accuracy, statutory compliance, and timely salary disbursement.

Payroll Data Collection & Preparation

  • Collection of monthly attendance data (as per cycle: 1–30 / 21–20 / 15–16) in soft copy, verified by the client
  • Generating master records for newly joined employees
  • Updating master records for existing employees based on promotions, transfers, and salary revisions
  • Updating leave records, loans, advances, and other deductions

Payroll Processing

  • Processing of employee attendance and payroll through Greytip HRMS Payroll Software
  • Tax computation for eligible employees
  • Payslip generation and email distribution to individual employees
  • Processing of salary structure components including earnings, deductions, and allowances
  • Real-time access to payroll dashboard through GreytHR

Reporting & Compliance

  • Generation of Payroll Reports (Monthly, Half-Yearly, and Annual)
  • Monthly Salary JV & Variance Reports
  • Statutory reports and filings for:
    • Provident Fund (PF)
    • Employee State Insurance (ESIC)
    • Professional Tax (PT)
  • Monthly MIS reports

Salary Disbursement

  • Sharing final payroll sheet with the client for approval
  • Post-approval preparation of bank transfer sheet
  • Option to process salary via:
    • Cheque
    • Bank Transfer
    • Demand Draft (if salary is routed via our account)

Full & Final Settlement (F&F)

Inputs required from client:

  • Leave Without Pay (LWP) and Notice Pay Recovery
  • Leave Encashment details
  • Investment Proof Summary

F&F prepared within 07 working days and includes:

  • Final Payslip
  • Tax Sheet
  • Provisional Tax Computation Sheet
  • Form 12B

Leave Management

  • Leave tracking and processing in accordance with statutory regulations
  • Integration with payroll for accurate leave encashments and deductions

TDS Compliance Schedule

  • TDS deducted on employee salaries is deposited with the government on or before the 7th day of each month

TDS Return Filing (Form 24Q – Quarterly)

Quarter Period Covered Filing Due Date
Q1 April – June July 31
Q2 July – September October 31
Q3 October – December January 31
Q4 January – March May 31

Monthly Statutory Compliance

  • Preparation and generation of monthly PF challans under Employees Provident Fund Act, 1952
  • UAN number generation on daily or weekly basis
  • Preparation and generation of monthly ESIC challans under Employees State Insurance Act, 1948
  • ESIC employee registration and issuance of TIC card (soft copy)
  • Preparation and generation of monthly Professional Tax challans as per applicable state rules
  • Professional Tax online return filing wherever applicable
  • Preparation and generation of Labour Welfare Fund (LWF) challans wherever applicable

Core Values / Philosophy

  • Integrity and transparency in payroll and compliance processes
  • Client-centric service delivery
  • Technology-driven execution
  • Compliance-first mindset