MyPayrollbuddy offers a complete bouquet of payroll outsourcing Services.
The methodology followed is completely process driven. With use of best payroll & HR automation platform which is extended to all the employees in the organisation.
Payroll Audit & CTC recommendations
Audit the existing payroll on commencement of Mypayrollbuddy services. Based on the payroll audit conducted, suggest new CTC structure & recommendations on guidelines of compliances adherence. Such as min wages, bonus eligibility, PF applicability on mandate salary heads, exclusion from ESIC, employee Tax planning, others
Mypayrollbuddy constantly keeps itself updated with payroll regulations & compliance. It acts at the next level & upgrades its individual customer to migrate to latest regulations. The services covers the following
- Employee life cycle process joining to exit management
- On time, accurate & confidential payroll generation
- Salary remittance bank advice & letters
- Full & Final settlement [dues & recovery statements]
- Expense / Claim management
- Bonus calculation as per Payment of Bonus Act (State wise Minimum wages)
Payroll Statutory Compliance Forms & Challans
- PF / ESIC / PT / LWF register & challans
- TIC & MEDICAL cards generation
- EPF UAN, KYC, claims & transfers
- Supports in compliance inspections
Employee Salary Taxation & Form 16
Computation of monthly tax reports, tax projections, tax registers for monthly & quarterly upload. Computation of estimate form 16, form 16 generation along with attaching of traces files. Perquisites form 12B.
Reports / MIS / Alerts
Our payroll platform is designed to generate desired reports role wise. The payroll platform is extended to customers & mapped to its employees roles wise from payroll manager to HR personnel.
The users can pull out range of reports available in the system
- Monthly Joining, resign cases, F&F list of employees
- Attendance alerts, leave request, reports & MIS
- Loans & advances register
- Customise payroll MIS & report [YOY salary, monthly salary deviation]
- Posting of salary data to cost centres via mapping of GL for ERP & accounting systems