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Payroll Processing - Canest

Canest > Payroll Processing

Overview

Our team of accounting professionals and payroll specialists work closely to calculate and manage your organisation’s payroll by providing:

  • Tailored solutions for businesses of any size
  • Dedicated accountants and tax experts with the latest high-end payroll software to make payroll management and related compliance a breeze for you
  • Everything from employees’ compensation to PF payments done as per your company’s payroll cycle
  • Labour compliances like EPF registration, TDS returns, IT returns, etc. are done by our legal professionals
  • Electronic system to keep tabs on your new joiners information, as well as prepare and execute pay orders.
Checklist for an Effective E-Payroll System

Company Documents:

  • Certificate of Registration
  • Electronic Challan cum Return (ECR) document
  • Company GST and TIN.

Payment Schedule:

A flexible and fixed schedule:

  • Weekly
  • Bi-weekly
  • Semi-monthly and
  • Monthly payroll schedules.

Classify Employees:

Classify employees on the basis of

  • Contractors
  • Freelancers
  • Permanent employees
  • Interns and
  • Schedule payments accordingly.

Terms of Compensation:

To keep a tab on

  • Employee hours
  • Office timings
  • Overtime, etc.

Benefits of Our Payroll Management System

Payroll management is the process of keeping track of an employee’s earnings, wages, net pay, tax deductions, incentives, and other statutory obligations such as PF (Provident Fund) and ESI (Employees’ State Insurance). An effective payroll management system guarantees that employees are paid on time, which reflects well on the company’s financial soundness and eliminates the possibility of legal ramifications. As a result, the company’s morale remains high! Every business, whether small, medium-sized, or large-scale, requires a payroll administration system.

A reliable payroll system that complies with both payroll and labour standards is required for a successful payroll process. Here are some of the benefits of our complete payroll management system:

Improve employee morale:

If your employees believe their position is unstable and they are not paid on time, they may begin to hunt for work elsewhere. A Payroll Management system will take care of any last-minute difficulties or manual errors, ensuring that your employees’ morale remains high.

Lower tax bills:

Managing all of your employees’ records can be difficult and mishandling them can prove to be a nightmare. Throw in compliance issues to the mix and you might find yourself paying fines if you aren’t very careful about all of this.

Easy tax filing and reporting:

Payroll software prevents tax mismanagement, which could result in penalties for employees. It also handles all of the company’s compliance and legislative needs, making tax filing a breeze.

Beneficial to new startup owners:

As a new startup owner, you will already have too many things going on. Instead of adding payroll management to your list of tasks, you can now manage your company’s finances with established management software.

Economical and time-saving:

Payroll software is typically designed to work with an existing accounting system. This saves time and money for companies when calculating large volumes of data. Rather than outsourcing your payroll, keeping it in-house will save you a lot of money. You’ll also have more control over your finances. 

 
 

Why Choose Canest?

✓ AFFORDABLE

We provide cost effective services for our clients.

✓ FAST PROCESS

Online service portal makes our process superfast.

✓ 100+ SERVICES

Bunch of services to fulfil your business requirements.

✓ EXPERIENCE

15+ Years’ experience of providing online CA services.

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