Services - Payroll Management
Payroll Management is the process of paying salaries to the employees of an enterprise that begins with creating the list of employees to be paid and ends with tracking the expenses. Payroll processes are executed with the support of various teams like HR, Payroll, and Finance to work together.
Payroll process involves finding the amount to be paid to the employees in a particular payroll cycle after all the necessary deductions like PF, ESI, TDS, meal coupons, etc. The payroll cycle is mostly decided by the employer that might be weekly, bi-weekly, or monthly. Moreover, the mode of the payment to the employees is also confirmed by the enterprise.