If your search for the best payroll outsourcing companies in Mumbai brought you to our website, you are at the right place at the right time. We at Hinote specialize in helping small and medium businesses overcome one of the major challenges they face – payroll processing.
It is a time-consuming process and businesses have to keep pace with changing governmental regulations and modify/upgrade their payroll software accordingly. Besides, payroll processing is a critical activity and can take away focus from the core business activity. Outsourcing payroll processing services and entrusting the job to professionals help small and medium-sized organizations to focus more on their core activities, become more efficient and boost performance.
When you choose to outsource payroll processing to Hinote, you don’t have to worry about government regulations, tax calculations, etc. We will provide you with end-to-end payroll processing services which will provide total relief from mundane activities and enable you to focus more on building your core business.
Our professional expertise in payroll processing also helps you to cut down on your overhead expenses and, thereby, improve the bottom line of your business. Furthermore, our payroll professionals have helped companies belonging to a variety of industry verticals take their businesses to higher levels of success. We attribute this to the state-of-the-art payroll processing module that comes with our HR software in India.
Advantages of Outsourcing Payroll Services to Hinote
Increased Productivity and Savings in Time
In-house payroll processing is not only a time-consuming affair but also demands a lot of resources, such as manpower and attention to detail. This adversely impacts your organization’s productivity. Outsourcing payroll processing to us gives you and your HR team the opportunity to save time and focus on other important tasks.
For any organization, time translates to money, meaning time saved is money earned. Savings in time enable you to plan your core business activities in a better manner. As such, outsourcing payroll services leads to a significant reduction in costs associated with the calculation of employee working hours, paid leave, deductions, and incentives, as well as computation of taxes, generation of reports, printing and distribution of paycheques, and preparation of tax forms.
The Benefit of Using the Latest Technology
As one of the top payroll companies in Chennai, we make use of cloud-based solutions. This enables us to ensure robust data integrity and transparency in payroll services. In addition, it allows us to leverage the power of the latest technologies. This means you can avoid unnecessary system upgrades to keep up with technological advancements.
When you entrust us with the job of processing your company’s payroll, you don’t have to waste time worrying about compliance with regard to legal or tax regulations enforced by the government.
General Scope of Our Services for Employers and Employees
- Salary register
- Tax calculation
- Deductions under various statutory heads
- IT deduction statement, including e-TDS
- PF statement (monthly or yearly)
- ESI statement
- Payslips, bonuses, and other statements
- Monthly reimbursements and perquisites tracking
- Form –16
- Tax liability projection
- 24/7 employee self-service portal