Monthly Assignments

Payroll

  • Preparation of salary sheet for the company for Staff (salary sheet shall be prepared as per the cost centers and locations provided by the company).


  • Preparation of monthly pay slips and delivery in separate envelops for each employee. (Internal distribution of the envelops shall be the responsibility of the Company.


  • While preparing the monthly salary consider - TDS on salary, PF and loan installments.


  • Preparation of the Bank Transfer advice and monthly accounting and reconciliation of the bank account from where salary shall be disbursed.


  • Preparation of challan of monthly TDS amount. The deposit & collection of the TDS challan from the bank will be the responsibility of the Company.


  • Provide monthly-consolidated amounts of salary in appropriate accounts heads for accounting.

Home

Provident Fund

  • Preparation of the statement of Provident Fund dues.
  • Transfer of provident fund money to the RPFC.
  • Assistance to the Company, during inspection by the PF authorities.
  • Preparation of challan of monthly PF amount and filing of monthly returns.

Reimbursements

  • Verification of claims as per the guidelines issued by the company and checking taxability as per the income.
  • Statement of monthly reimbursements as per the instruction given by the management.
  • Maintenance of records of such reimbursements for each employee and entitlement thereof.
  • Payment of reimbursements on monthly basis.

Annual Assignments

  • Computation of estimated Taxable income based on the information provided by the company and update before year-end for final deduction of tax.
  • Preparation of TDS certificates for employees on annual basis as required under Income Tax Rules.
  • Preparation of TDS returns and filing the same with Tax department.
  • Computation of annual bonus as per the instructions given by the management.
  • Prepare and provide information of salary for Directors report a s required u/s 217 of the companies Act 1956
  • Provident Fund – preparation and filing of annual return in form 3A and 6A.