Payroll Processing in Chennai

Payroll Services

Clarion is a pioneer in payroll services outsourcing in Chennai. We provide automated payroll services in Chennai.

Apart from offering our payroll services in Chennai. We are capable of serving any part of India.

Our Payroll processing in Chennai includes Leave and Attendance Management, Statutory & Labor Compliance. We also provide periodic Payroll reports.

About Payroll Services

Payroll processing is one of mundane tasks of HR departments of organizations. Here, at Clarion, we make it very simple, inexpensive for completing your monthly payroll processing.

We are one of the leading payroll processing companies in Chennai. Our payroll services are complete, reliable and secure. Hence, most our customers still rate as one of the best payroll outsourcing companies in Chennai.

Question on Payroll Services

A payroll is generally a company’s list of its employees, but the term is commonly used to refer to: the total amount of money that a company pays to its employees. a company’s records of its employees’ salaries and wages, bonuses, and withheld taxes.

In other words, Payroll service is the process by which an external organization processes the monthly payroll for its customers. It is also called as payroll outsourcing.

In Simple, when a payroll of a company is processed by an external company or an agency, then it is called payroll service. This is also called as Payroll Outsourcing.

Also called as Payroll Processing Service.

Firstly, the payroll service provider will collect leave and attendance details from its customer.

Secondly, it calculates the gross wages for the days worked by the employees.

Thirdly, it will calculate any other payments made for that particular monthly like incentives, bonuses, before closing the payroll for that particular month.

Payroll Services in India

Payroll processing mistakes can happen faster than you think. For a moment, think about the employees for whom monthly salary is the only source of income. Imagine what if the salary is not paid on time or there is a hold up in releasing salary. Such irregularities can take a toll on the morale of the employees and ultimately affect the business productivity.

Apart from payroll processing, we also provide payroll training in Chennai.

While ensuring accurate and timely payment of salary is important, adhering to the various laws and regulations such as labor law, PF, PT and other statutory compliance is also critical. Non-adherence with these laws can attract serious legal and financial consequences.

To make sure that your employees are happy and you are law compliant, you need to have a proper understanding of what payroll is and how to run payroll effectively. We will start with the basics of payroll.

The following are the four important statutory deductions for payroll processing in India:

  • Provident Fund
  • Employee State Insurance (ESI)
  • Professional Tax (PT)
  • Tax Deduction at Source (TDS)

Payroll in short is a list of employees who are by the company. Payroll also refers to the total amount of money employer pays to the employees. As a business function, it involves:

  1. Build up organization pay policy including flexible benefits, leave encashment policy, etc.

  2. Defining payslip components like basic, variable pay, HRA, and LTA

  3. Gathering other payroll inputs (e.g., organization’s food vendor may supply information about the amount to be recovered from the employees for meals consumed)

  4. The actual calculation of gross salary, statutory as well as non-statutory deductions, and arriving at the net pay

  5. Releasing employee salary

  6. Depositing dues like TDS, PF, etc. with appropriate authorities and filing returns

 

 

Define payroll policy

The net amount to be paid is affected by various factors. The company’s various policies such as pay policy, loan policy, leave and benefits policy, attendance policy, etc. come into play at that time. As a first step, such policies need to be well outlined and get approved by the management to ensure standard payroll processing.

Gather inputs

Payroll process involves co-ordinating with multiple departments and personnel. There can be information like mid-year salary revision data, attendance data, etc.

In smaller organizations, these inputs are received from a consolidated source or fewer teams. However, in a larger organization, the task of gathering data may look overwhelming. If you are using a smart payroll software having integrated features like leave and attendance management, employee self-service portal, etc. inputs collection process does not remain a problem.

Salary Input Validation

Once salary inputs are areceived, you need to check for validity of the data concerning adherence to company policy, authorization/approval matrix, right formats, etc. You also need to ensure that no active employee is missed out and that no inactive employee records are included for salary payment

 

 

How About a FREE Trial?

GET a FREE Trial for 15 days and continue only when convinced

Payroll Companies in Chennai

Our leading payroll services in Chennai comprises of Statutory Compliances like Provident Fund (PF), Employee State Insurance (ES), Professional Tax (PT) & TDS.

We provide online payroll services to our esteemed clients.

Payroll Services for Small Business

Clarion’s payroll services for small business is aimed at provide cost effective online payroll services. 

Even if you are looking payroll services for one employee, you will be able to run our system

Clarion’s payroll services outsourcing includes comprehensive leave management system. We undertake salary inputs from manual attendance register, access card and bio-metric systems.

With our online payroll service, employees can have access to their leave management. Using it, they apply apply and monitor their leave application progress.

Manager Self Service of payroll processing, helps managers to monitor and control the leaves and performances of their team members.

At end of every pay run, Clarion’s  payroll services system, sends an automated payslip to its employees.