Payroll Services

Payroll Services

Payroll services refer to the process of managing and automating the payment of employees, including calculating wages, deductions, taxes, and ensuring compliance with employment laws. These services are typically provided by external payroll service providers or specialized departments within organizations. Payroll services aim to ensure employees are paid accurately and on time while adhering to legal and regulatory requirements.

At P M Associates, we offer comprehensive Payroll Services to help businesses efficiently manage their employee payroll processes. With over 21 years of expertise, our services ensure accurate and timely payroll processing while maintaining compliance with relevant laws and regulations.

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Documents Required for Payroll Services

General Documents

  • Employee Master Data (Name, PAN, Aadhar, Bank Details)

  • Salary Details (Salary Structure, Pay Grade)

  • Attendance Records (Time Sheets, Leave Balances)

  • Statutory Deductions (PF, ESI, TDS details)

  • Tax Forms (Form 16, Tax Filing Records)

  • Bank Account Details (for direct deposit)

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info@pmassociatesmysore.com

Avoiding Common Mistakes in Payroll Services

  • Incorrect salary calculation

  • Failing to comply with tax laws and statutory deductions

  • Delays in processing payroll or tax filing

  • Missing mandatory benefits like Provident Fund (PF) or Employee State Insurance (ESI)

  • Failing to maintain accurate employee records

  • Not updating payroll records for new hires, terminations, or salary changes

FAQ :-

What is included in your payroll services?

Our payroll services include salary calculation, tax deduction, statutory compliance (PF, ESI), payslip generation, benefits administration, direct bank transfers, record keeping, and filing of tax returns.

How do you ensure compliance with labor laws?

We ensure compliance by staying up-to-date with the latest labor laws and tax regulations. Our team processes payroll according to the current guidelines for minimum wage, PF, ESI, and other statutory requirements.

Can P M Associates handle payroll for both small and large businesses?

Yes, we provide payroll services for businesses of all sizes, from small startups to large enterprises. Our solutions are scalable to meet the specific needs of your business.

What documents do I need to provide for payroll processing?

You'll need to provide employee master data, salary details, attendance records, statutory deductions, tax forms, and bank account details for direct deposits.

How are employee payslips delivered?

We provide payslips either electronically via email or through an online employee portal for easy access by your staff.

Can you help with tax filing and TDS returns?

Yes, we assist with the filing of TDS returns and provide all necessary documentation for your annual tax filings, including Form 16 and other related reports.

How do I get started with your payroll services?

To get started, simply contact us with your business details, and our team will guide you through the process of setting up payroll services for your company.