PAYROLL MANAGEMENT
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Transcript of PAYROLL MANAGEMENT
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PAYROLL MANAGEMENT
RNC
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PAYROLL OUTSOURCING AT RNC
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PAYROLL SERVICE
Payroll can be one of the most time consuming tasks for an employer. Between entering employee data, keeping it up to date, ongoing processing and reconciling with other systems, there's often little time to get valuable information from payroll that can help you manage your business
Its more than just organizing or entering employee data, keeping it up to date, ongoing processing and reconciling with other systems.
Vital HR information from payroll can help you manage your business efficiently
Covers Statutory & Legal Compliance
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Gamut of Payroll Services
Assured statutory compliance
Scrutiny of reimbursements like medical, LTA, etc
Scrutiny of Investments Proofs
Automated computation of perquisites taxes & various statutory deductions as framed under the laws of the land.
Pay slips through e-mail / Hardcopy Accompanied with Detailed Monthly tax calculation & loan balances.
Handling multiple pay structures of Branches/Divisions/subsidiary companies & Grade specific payroll requirements
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Key Features of Payroll Outsourcing• Our services can be customized to user requirement. • All Statutory Deductions such as EPF / ESI / MLWF / Gratuity / TDS / PTax are taken care
of. If the Payroll of more than one Location is managed pay slips can be defined depending on Location wise.
• Employees can be referred either with Employee ID/Ticket No/or Reference No.• No. of days in the month can be flexibly defined.• Each Branch wise working days can be defined.• No. of days present and No. of days on which Salary is calculated (Including Paid Leave)
both are considered with formulating a field value.• Rounding off options & Carrying over of rounding off values to next month.• Leave Management – Tight Integration / Loose Integration.• OT Rate Calculation – Hourly basis or on Per day basis.• Multiple Branch Details in Single File.• PF / ESI / PT rate user definable on Monthly basis.• Arrears Calculation.• Restriction on Record Management Dates – 5 years Data can be Managed.• User Definable Salary Heads.• Salary Definition on the Basis of Group / Scale.• Salary components can be defined as Inputs / Calculated Fields / OT.
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PAYROLL OUTSOURCING -ADVANTAGE
Cost Effective
Helps companies focus on core business activities
Leverage the Payroll Expertise of RNC
State-of-the-Art technology at no extra cost
Less legal adherence & paper work for the client
Changes if any in statutory compliances are updated on regular basis by RNC
Higher Employee Satisfaction
Timely Execution and MIS Generation
All Statutory compliances taken care of RNC.
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RNC STRENGTHS
A Specific email helpline created for addressing all payroll related queries
Customization available as per the client’s requirements
Provision of concal services if the client requires the same
Adherence to all Statutory compliances
Managing Payroll of employees from diverse industries
Specific handling of queries of payroll of senior people
Confidentiality and Data Security
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Payroll Deliverables: (Sample Template)Reports HardCopy SoftCopy
Pay slips √ √
Salary Registers √ √
Bank Payment Reports / File √ √
Company Salary Summary - √
Salary JV (Journal Voucher) - √
Full & Final Settlement √ √
Labour Welfare Report √ -
Monthly ESIC Summary √ √
Monthly EPF Report √ √
Montly Profession Tax Challan Report √ √
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STATUTORY COMPLIANCES
All Statutory Reports as per the requirements of
Various regulatory bodies.
Income Tax
Profession Trades & Callings Act.
EPF & M.P Act 1952.
ESIC Act 1948.
Employee Welfare Scheme (MLWF, etc.)
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Monthly Payroll Processing
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REPORT FORMAT
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LOGO COMPANY NAMEADDRESS
PAY SLIP FOR THE XXXXXXXXX
Name XXXXXXXX Site HO
Designation Manager - Internal Aduit EPF NO. MH/XXXXX/OO1
D.O.J 10-Apr-09 Credited to A/c. 007
Earnings Deductions
Basic 7,740.00 Loss of
Days 25
DA 5,160.00 Loss of
Amount 20806House Rent Allowance
5,160.00 Provident
Fund 300Conveyance Allowances
2,580.00 ESI 0
Others Allowances
5,160.00 PT 200
Gross 25,800.00 Staff Loan 1000
Salary Advance 500
Telephone Recovery 200
Incentive - TDS 600
Total Salary 25,800.00
Total Deductions
23,606.00
NET PAYABLE
2,194.00
LOAN BALANCE
19,000.00
Employee Signature
PAY SLIP
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Company Name
SALARY ABSTRACT - MONTH‘xxxxxxxxx
Abstract:- Control Rs.
As per Previous Month Total Salary 0
Basic 0 Add DA 0 YUUUUUUU 0 Total 0 ABCDEFG 0 Other Allowances:- (+) 0 Deletion: HJHGFJ 0 HRA 0 JKHFGY 0 Conveyance Allowances 0 Others Allowances 0 (-) 0
Total
0
As per Current Month Increment:
Gross Salary 0 Other Earnings:- Incentives 0 Total 0 (+) 0Total Salary 0
Total Salary
As on Feb'08 0Deductions:- LOP 0 0Loss of Pay 0 PF 0 ESI 0 PT 0 Staff Loans 0 Salary Advances 0 Telephone Recovery 0 Income tax 0 Total Deuction 0 Net Payable 0
SALARY CONTROL
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STATEMENT OF EPF FOR THE MONTH OF XX'08
Sno. A/C No. Employees Name D.O.J PF Salary
Employees Contribution
@ 12%
Employer Contribution
@ 3.67%
Employer Contribution @
8.33%Total
1 MH/XXXX/01 XXXXXXXX 8-Oct-07 2497 300 92 208 600
2 MH/XXXX/01 YYYYYYYY 2-Nov-07 1524 183 56 127 366
3 MH/XXXX/01 AAAAAAA 19-Nov-07 5150 618 189 429 1236
4 MH/XXXX/01 BBBBBBB 26-Nov-07 4000 480 147 333 960
5 MH/XXXX/01 CCCCCCC 10-Dec-07 4000 480 147 333 960
6 MH/XXXX/01 ZZZZZZZZ 24-Dec-07 4000 480 147 333 960
7 MH/XXXX/01 EEEEEEEE 7-Jan-08 6500 780 239 541 1560
8 MH/XXXX/01 YUUUUUUU 6-Oct-08 3355 403 123 279 805
9 MH/XXXX/01 ABCDEFG 12-Oct-08 2581 310 95 215 620
Total 33607 4034 1235 2798 8067
ABSTRACT:-
Employees Strength EPF Salary
As per last month 9As per Paysheet PF Salary 33607 As per Paysheet PF 4034
Addition 2 As per EPF Statement 33607 As per EPF Statement 4034
Deletion 2
As on current month 9 Difference 0 0
PF MONTHLY
STATEMENT
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ESI MONTHLY
STATEMENT
COMPANY NAME
STATEMENT OF ESI FOR THE MONTH OF XX'08
Sno. Ins No. Employees Name D.O.J
ESI Gross Salary
Employees Contribution @ 1.75%
Employer Contribut
ion @ 4.75%
Total
1 YYYYYYYY 2-Nov-07 3048 53 145 198
2 BBBBBBB 26-Nov-07 8000 140 380 520
3 CCCCCCC 10-Dec-07 8000 140 380 520
4 ZZZZZZZZ 24-Dec-07 8000 140 380 520
5 YUUUUUUU 6-Oct-08 6710 117 319 436
6 ABCDEFG 12-Oct-08 5161 90 245 335
Total 38919 680 1849 2529
ABSTRACT:-
Employees Strength ESI Salary
As per last month 6As per Paysheet ESI Salary 38919 As per Paysheet ESI 680
Addition 2 As per ESI Statement 38919 As per ESI Statement 680
Deletion 2
As on current month 6 Difference 0 0
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COMPANY NAME
PF & ESI – Monthly Summary Reporter
Please issue cheques for PF & ESI remittance as stated below
PROVIDENT FUND
PF Salary 33607
Head of Accounts
Employees PF : A/C No.1 @ 12% 4033
Employers PF : A/C No.1 @ 3.67% 1233
Employers PF : A/C No.10 @ 8.33% 2799
Admin Charges A/C No. 2 @ 1.10% 370
EDLI Charges A/C No.21 @ 0.50% 168
Admin service charges A/C No.22 @ 0.01% 3
Total 8606
ESIC
ESI Salary 38919
Head of Accounts
Employees ESI @ 1.75% 681
Employers ESI @ 4.75% 1849
Total 2530
PF &ESI CHEQUE TO ACCOUNTS
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Service Level Agreement (SLA)Covers Purpose & Scope of Services
Responsibilities of RNC & The Customer.
Payment time.
Confidentiality Information.
Signatories to sign SLA from both the parties.
Authorized person for routine Contact & in case of Escalation.
Details of various reports & MIS reports to the management on regular basis.
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Some of our reputed list of clients M/s. G.C.C Club Pvt. Ltd.
M/s. Craft World Pvt.Ltd.
M/s. C.S.Tubes Pvt.Ltd.
M/s. CRP Control Panels Pvt.Ltd.
M/s. Crystal Medicines Pvt.Ltd.
M/s. Arya Crafts & Engineering Pvt.Ltd.
M/s. Selvel Publicity & Consultants Pvt.Ltd.
The Don Bosco High School
Norton Property Solutions Pvt. Ltd
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Contact Us
r.n.Consultant
RNC
Office No. 10, 1st Floor, Achalgiri, 150 Feet Road, Near Maxus Mall, Padmavati Nagar Bhayandar (West), Dist. Thane – 401 101. Tel.:- (022) 65341285 / 09833606065 E-mail : [email protected] [email protected]
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THANKS