PAYROLL MANAGEMENT RNC PAYROLL OUTSOURCING AT RNC.

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PAYROLL MANAGEMENT RNC

Transcript of PAYROLL MANAGEMENT RNC PAYROLL OUTSOURCING AT RNC.

Page 1: PAYROLL MANAGEMENT RNC PAYROLL OUTSOURCING AT RNC.

PAYROLL MANAGEMENT

RNC

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PAYROLL OUTSOURCING

AT RNC

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PAYROLL SERVICE

Payroll can be one of the most time consuming tasks for an employer. Between entering employee data, keeping it up to date, ongoing processing and reconciling with other systems, there's often little time to get valuable information from payroll that can help you manage your business

Its more than just organizing or entering employee data, keeping it up to date, ongoing processing and reconciling with other systems.

Vital HR information from payroll can help you manage your business efficiently

Covers Statutory & Legal Compliance

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Gamut of Payroll Services

Assured statutory compliance

Scrutiny of reimbursements like medical, LTA, etc

Scrutiny of Investments Proofs

Automated computation of perquisites taxes & various statutory deductions as framed under the laws of the land.

Pay slips through e-mail / Hardcopy Accompanied with Detailed Monthly tax calculation & loan balances.

Handling multiple pay structures of Branches/Divisions/subsidiary companies & Grade specific payroll requirements

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Key Features of Payroll Outsourcing• Our services can be customized to user requirement. • All Statutory Deductions such as EPF / ESI / MLWF / Gratuity / TDS / PTax are taken

care of. If the Payroll of more than one Location is managed pay slips can be defined depending on Location wise.

• Employees can be referred either with Employee ID/Ticket No/or Reference No.• No. of days in the month can be flexibly defined.• Each Branch wise working days can be defined.• No. of days present and No. of days on which Salary is calculated (Including Paid Leave)

both are considered with formulating a field value.• Rounding off options & Carrying over of rounding off values to next month.• Leave Management – Tight Integration / Loose Integration.• OT Rate Calculation – Hourly basis or on Per day basis.• Multiple Branch Details in Single File.• PF / ESI / PT rate user definable on Monthly basis.• Arrears Calculation.• Restriction on Record Management Dates – 5 years Data can be Managed.• User Definable Salary Heads.• Salary Definition on the Basis of Group / Scale.• Salary components can be defined as Inputs / Calculated Fields / OT.

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PAYROLL OUTSOURCING -ADVANTAGE

Cost Effective

Helps companies focus on core business activities

Leverage the Payroll Expertise of RNC

State-of-the-Art technology at no extra cost

Less legal adherence & paper work for the client

Changes if any in statutory compliances are updated on regular basis by RNC

Higher Employee Satisfaction

Timely Execution and MIS Generation

All Statutory compliances taken care of RNC.

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RNC STRENGTHS

A Specific email helpline created for addressing all payroll related queries

Customization available as per the client’s requirements

Provision of concal services if the client requires the same

Adherence to all Statutory compliances

Managing Payroll of employees from diverse industries

Specific handling of queries of payroll of senior people

Confidentiality and Data Security

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Payroll Deliverables: (Sample Template)Reports HardCopy SoftCopy

Pay slips √ √

Salary Registers √ √

Bank Payment Reports / File √ √

Company Salary Summary - √

Salary JV (Journal Voucher) - √

Full & Final Settlement √ √

Labour Welfare Report √ -

Monthly ESIC Summary √ √

Monthly EPF Report √ √

Montly Profession Tax Challan Report √ √

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STATUTORY COMPLIANCES

All Statutory Reports as per the requirements of

Various regulatory bodies.

Income Tax

Profession Trades & Callings Act.

EPF & M.P Act 1952.

ESIC Act 1948.

Employee Welfare Scheme (MLWF, etc.)

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Monthly Payroll Processing

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REPORT FORMAT

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LOGO COMPANY NAMEADDRESS

PAY SLIP FOR THE XXXXXXXXX

Name XXXXXXXX Site HO

Designation Manager - Internal AduitEPF NO.

MH/XXXXX/OO1

D.O.J 10-Apr-09Credited to A/c.

007

        Earnings   Deductions

Basic

7,740.00  Loss of Days 25

DA

5,160.00  Loss of Amount 20806

House Rent Allowance

5,160.00

 Provident Fund 300

Conveyance Allowances

2,580.00

 ESI0

Others Allowances

5,160.00

 PT200

Gross

25,800.00  Staff Loan

1000

 Salary Advance 500

 Telephone Recovery 200

Incentive

-  TDS

600       

Total Salary

25,800.00  

Total Deductions

23,606.00

       

   NET PAYABLE

2,194.00

     LOAN BALANCE

19,000.00

         

                   Employee Signature

PAY SLIP

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Company Name       

SALARY ABSTRACT - MONTH‘xxxxxxxxx       

Abstract:-         Control       Rs.

 

   

As per Previous Month Total Salary       0

Basic   0     Add        DA   0     YUUUUUUU     0  Total   0     ABCDEFG     0                     Other Allowances:-               (+) 0          Deletion:                  HJHGFJ     0 HRA   0     JKHFGY     0 Conveyance Allowances   0               Others Allowances   0           (-) 0

Total  

0    

As per Current Month Increment:        

Gross Salary   0                                 Other Earnings:-                                     Incentives   0              Total   0           (+) 0Total Salary   0              

         Total Salary

As on Feb'08       0Deductions:-        

LOP   0     0Loss of Pay   0    PF   0    ESI   0    PT   0    

Staff Loans   0    

Salary Advances   0    

Telephone Recovery   0    

Income tax   0    

Total Deuction   0    

         

Net Payable   0       

SALARY CONTROL

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STATEMENT OF EPF FOR THE MONTH OF XX'08

Sno. A/C No.Employees

NameD.O.J PF Salary

Employees Contribution

@ 12%

Employer Contribution

@ 3.67%

Employer Contribution @

8.33%Total

1 MH/XXXX/01 XXXXXXXX 8-Oct-07 2497 300 92 208 600

2 MH/XXXX/01 YYYYYYYY 2-Nov-07 1524 183 56 127 366

3 MH/XXXX/01 AAAAAAA 19-Nov-07 5150 618 189 429 1236

4 MH/XXXX/01 BBBBBBB 26-Nov-07 4000 480 147 333 960

5 MH/XXXX/01 CCCCCCC 10-Dec-07 4000 480 147 333 960

6 MH/XXXX/01 ZZZZZZZZ 24-Dec-07 4000 480 147 333 960

7 MH/XXXX/01 EEEEEEEE 7-Jan-08 6500 780 239 541 1560

8 MH/XXXX/01 YUUUUUUU 6-Oct-08 3355 403 123 279 805

9 MH/XXXX/01 ABCDEFG 12-Oct-08 2581 310 95 215 620

      Total 33607 4034 1235 2798 8067

ABSTRACT:-

Employees Strength EPF Salary

As per last month 9As per Paysheet PF Salary 33607 As per Paysheet PF 4034

Addition 2 As per EPF Statement 33607 As per EPF Statement 4034

Deletion 2

As on current month 9 Difference 0 0

PF MONTHLY

STATEMENT

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ESI MONTHLY

STATEMENT

COMPANY NAME

STATEMENT OF ESI FOR THE MONTH OF XX'08

Sno. Ins No.Employees

NameD.O.J

ESI Gross Salary

Employees Contribution @ 1.75%

Employer Contribut

ion @ 4.75%

Total

1   YYYYYYYY 2-Nov-07 3048 53 145 198

2   BBBBBBB 26-Nov-07 8000 140 380 520

3   CCCCCCC 10-Dec-07 8000 140 380 520

4   ZZZZZZZZ 24-Dec-07 8000 140 380 520

5   YUUUUUUU 6-Oct-08 6710 117 319 436

6   ABCDEFG 12-Oct-08 5161 90 245 335

     Total 38919 680 1849 2529

ABSTRACT:-

Employees Strength ESI Salary

As per last month 6As per Paysheet ESI Salary 38919 As per Paysheet ESI 680

Addition 2 As per ESI Statement 38919 As per ESI Statement 680

Deletion 2

As on current month 6 Difference 0 0

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COMPANY NAME

PF & ESI – Monthly Summary Reporter

Please issue cheques for PF & ESI remittance as stated below

PROVIDENT FUND

PF Salary 33607

Head of Accounts

Employees PF : A/C No.1 @ 12% 4033

Employers PF : A/C No.1 @ 3.67% 1233

Employers PF : A/C No.10 @ 8.33% 2799

Admin Charges A/C No. 2 @ 1.10% 370

EDLI Charges A/C No.21 @ 0.50% 168

Admin service charges A/C No.22 @ 0.01% 3

Total 8606

ESIC

ESI Salary 38919

Head of Accounts

Employees ESI @ 1.75% 681

Employers ESI @ 4.75% 1849

Total 2530

PF &ESI CHEQUE TO ACCOUNTS

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Service Level Agreement (SLA)

Covers Purpose & Scope of Services

Responsibilities of RNC & The Customer.

Payment time.

Confidentiality Information.

Signatories to sign SLA from both the parties.

Authorized person for routine Contact & in case of Escalation.

Details of various reports & MIS reports to the management on regular basis.

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Some of our reputed list of clients M/s. G.C.C Club Pvt. Ltd.

M/s. Craft World Pvt.Ltd.

M/s. C.S.Tubes Pvt.Ltd.

M/s. CRP Control Panels Pvt.Ltd.

M/s. Crystal Medicines Pvt.Ltd.

M/s. Arya Crafts & Engineering Pvt.Ltd.

M/s. Selvel Publicity & Consultants Pvt.Ltd.

The Don Bosco High School

Norton Property Solutions Pvt. Ltd

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Contact Us

r.n.Consultant

RNC RNC

Office No. 10, 1st Floor, Achalgiri, 150 Feet Road, Near Maxus Mall, Padmavati Nagar Bhayandar (West), Dist. Thane – 401 101. Tel.:- (022) 65341285 / 09833606065 E-mail : [email protected] [email protected]

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THANKS