- Payroll
Payroll services for peace of mind
Working with one of the must-try payroll service providers in India, SetMyCompany helps you with stress-free administrative assistance for your organization, with the aid of our payroll outsourcing services. And you are guaranteed to acquire a much beneficial financial system with our payroll services in Bangalore! SetMyCompany, designed to address precisely that.
- Payroll
Payroll Outsourcing
SetMyCompany, your ultimate destination for top-notch payroll consultants in Bangalore! We provide premium payroll processing services, covering essential tasks such as leave calculation, incentive management, overtime tracking, bonus distribution, increment processing, reimbursement, and more. Save time and resources by outsourcing your payroll needs to us, allowing a third-party payroll company to expertly handle compliance and administrative responsibilities, ensuring a streamlined and efficient payroll management process.
- Calculation of deductions and incentives
- Tax calculations on salary and withholding tax amount from salary for tax payment
- Filing of government reports
- Management of employee benefits
How does Payroll Outsourcing Services work?
- Step 1
Company Documents
Company documents such as GST, TIN, private limited company registration certificate, electronic challan cum return document.
- Step 2
Set up a payment schedule
you need to have a payment schedule to release the salary. The schedule can be weekly, fortnightly, monthly, or quarterly
- Step 3
lassify the employees
For effective payroll processing, you need to classify your employees are full time, part-time, freelance, consultants, or interns. The pay calculation will depend on the type of employee.
- Step 4
Compensation regulations
if you have any rules regarding leaves, loss of pay, overtime, office hours, and others that will determine deductions or additions in the salary, they need to be explained in advance.
what are the payroll outsourcing benefits?
- Benefites
- You will work with professionals with plenty of experience in finance and accounting as in the due diligence services
- You will gain access to the latest tools and technologies that are used for payroll processing
- You save more than 50% of the costs that goes into payroll management
- You can will be able manage all employee queries and salary calculation effectively
- You can maintain a secure database with all details of payroll management
- Benefites
- Effective resource management
- Better use of your time and money
- Record complete lifecycle of an employee from joining to exit
- Hassle-free payroll management of every employee
- Ensure regulatory compliance
Why SetMyCompany for Payroll Services?
Payroll processing is one of the hectic tasks of the HR or accounts personnel. The task can eat into their productive hours every month. But outsource your payroll management with the best HR & payroll outsourcing companies in India. Being one of the best payroll outsourcing companies, SetMyCompany’s team of accountants come from a strong financial background. So, we can take care of salary management and also ensure that the payroll is compliant with the local and national labour laws. During the salary calculation, we also calculate taxation, reimbursements, overtime, and other deductions and additions. For more details about our payroll services, contact us.
Different companies need different registrations. So, the cost to set up a company in India varies depending on your requirements.
Here are the steps to set up a PLC in India:
- Check the Name availability and obtain Name approval for the proposed company
- Obtain Digital Signature Certificates (DSC)
- Get Director Identification Numbers (DIN)
- Get Director Identification Numbers (DIN)
- Filing of Incorporation documents and e-forms
- Filing of documents for notifying registered office address
The steps for registering an Indian company are as follows:
- Selection of your company name
- Obtain a Digital Signature Certificate (DSC)
- Filing for new registration
- Acquire a Director Identification Number (DIN)
- Create an account on the MCA portal and submit all the necessary documents
The benefits of company registration in India are listed below:
- You can take advantage of India’s massive market potential
- The operational cost of running a business in India is low when compared to other countries.
- Companies can make use of attractive government incentives.
Setting up a company in India is a complicated process. It is much more than the registration of a new company. SetMyCompany helps you make the right choice between different types of organisation and supports you throughout all stages of setting it up.
There are various options by which foreign business entities and investors can start their business in India.
- If you are a manufacturing company, you can make an entry in India through distributors. You can get instant access to local and nationwide salesforce.
Professional partner services for additional peace of mind
Turn your dream idea into your dream business.
- Hiring (Contract & Permanent)
- Director Services
- Registered Office
- HR Services