Payroll Management Support
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, Performance Incentives, Bonus, etc., Bonitas 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 and documentation, thus significantly reducing man hours & workloads of both Sections, otherwise devoted for delivering this function, resulting in cost savings.
Value Added Features
- Computation of EPF, ESIC, IT and Profession Tax components with detailed summaries.
- 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 payable details.
- Comprehensive income tax module for generating digitally signed Form 16 and Form 24Q.
- Computation of Full & Final Statement of Accounts in the event of exit.
- Generating Pay slips in PDF
- Computation of arrears on applicable components
- Dedicated email support for any issues related to payroll compliance
