Payroll Service in India
NNRoad Handles All Your Payroll Administration in India
NNRoad is an expert in payroll outsourcing, and our payroll services in India can help companies improve their business efficiency.
We offer complete payroll service in India, from data collection to salary calculation to payment.
Outsourcing your payroll to NNRoad can serve as a cost-effective and simple method of paying your employees. This allows your company to free up time from the time-consuming and complex process of managing their payroll.
You can also benefit by gaining peace of mind knowing that you are paying the correct wage tax and social security obligations in full and on time by outsourcing your Indian payroll.
NNRoad’s Payroll Service in India Includes:
- Establishing a tax-efficient salary structure and adjusting the pay cycle per request.
- Registering the necessary company and personnel information for payroll calculation in the payroll software and system.
- Calculation of gross salary, salary deductions (e.g. statutory benefit deductions, unpaid leaves, etc.), and net salary based on information provided by the Company including irregular payments such as incentive/bonus, commission, allowance, severance, retirement payment, etc.
- Providing a monthly payroll summary to the Company.
- Expense claim validation and calculation.
- Payroll disbursement - Issue payment notice to the Company for payroll distribution to employees and employee’s expense claim; release e-payslip to employees and disburse salary to employee’s account.
- Releasing the income tax computation statement to employees.
- Preparation of year-end tax certificate (Form 16).
- Adjustment of taxes owed or to be refunded to the employee based on the cumulative income of the employee for the entire year.
- Prepare annual payroll related reconciliation report.