Payroll and Benefits Administration

Payroll management is not just computing Employee salaries & employee benefits as per their CTC, but involves efficient, accurate & timely management of variable data components, viz. applicable allowances, IT deductions, Leave ,ESIC & PF Contributions, reimbursements of allowable expenses, LTA, Overtime, PerformanceIncentives, Bonus, etc., scrutiny of supporting bills & documents, to minimize contentious issues and enhance employee confidence.

Connect-One provides an efficient interface between HR & Accounts Managers of its Clients, through a User friendly automated payroll system, with seamless and time bound processing of data andd ocumentation, thus significantly reducing man hours & workloads of both Sections, otherwise devoted for delivering this function, resulting in cost savings.

Value Added Features :-

Flexibility to add, delete or modify any number of salary components.

Computation of EPF, ESIC, IT and Profession Tax component swith detailed summaries.

 Payroll and Benefits Administration

Online IT declaration—Enables employees to post rent and savings declaration every month.

Facilitates easy access to Employees to complete information TDS calculations, tax paid and balance tax pay able details.

Comprehensive income tax module for generating digitally signed Form 16 and Form 24Q.

Built-in provision to account for Stop Payments, Loss of Pay and Reversal of entries.

Computation of Full & Final Statement of Accounts in the event of de-employment.

Generating Pay slips in PDF with password protection.

Computation of arrears on applicable component/s .

Dedicated email support for any issues related to payroll compliance.

Customer can exercise the option to scale down one or more of the above features based on its HR policy. As an essential protocol, the salary statements and summary reports/statements generated are submitted to the designated officer of the Company, for scrutiny, reconciliation and formal approval, before final disbursement of salaries to the employees directly or through bank to respective salary accounts and submission of the returns to the appropriate statutory bodies.

CONTACT US

No. 10/1, Ground Floor,

   2nd Main, Nagarbhavi Main Road,

   Byraveshwar Nagar,

   Bengaluru - 560 072

+91 - 90605 00535

080 - 2318 3398

info@connectonedspl.in