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The functioning of a company is like clockwork; it takes the contribution of lot of gears and cogs to function properly. The employees of any organization or its human capital are these gears and cogs that play an important role in the organization’s pursuit of success. It is very important to keep the employees motivated so that they can understand the business and show ownership. Right remuneration is the biggest motivation for your human resource.
Remuneration is not just about giving salaries, the salary is to be structured in a way that the employee feels rewarded and motivated to contribute more. An efficient pay roll system helps the management to decide on the best suited salary for the employees as well as ensures least possible income tax for the employee. The payroll system also assists the organization in compliance of all labor laws and related statutory requirements. Numbro has cumulative experience in payroll outsourcing and is one of the best payroll outsourcing companies in Hyderabad.
-Assistance in acquiring statutory registration while making sure your company comply with all the labour laws laws as part of payroll management service.
-Drafting the salary structure of the employees with paramount tax saving.
-Filing of statutory returns like PF returns, ESI returns, Professional Tax returns and TDS Return.
-Providing hand hold support to your employees with their tax planning and filing income tax returns.
In the payroll outsourcing service, we understand the way a business wants to compensate its employees; we structure the salary in a way that the employees are taxed with a minimal income tax.
Once the salary is structured, we understand the applicability of labor laws that are to be complied with and help the management in the monthly, quarterly and yearly compliances of these labor laws.
In the payroll management process, we also help the employees in understanding the personal taxation structure and its impact on salaries. We also help them understand the deductions applicable as per the latest finance act.
We process the monthly payroll and collect the investment declarations from the employees.
We help your employees in filing their income tax returns before the due date.