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The Complete Statutory Compliance Solution

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Choose Teemar Payrollx as your payroll outsourcing partner and experience hassle-free payroll processing that allows you to focus on what you do best – growing your business. Contact us today to learn more about our services and how we can help your business. – PowerPoint PPT presentation

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Title: The Complete Statutory Compliance Solution


1
Teemer payroll Outsourcing.
2
Dont worry.
Are you a HR professional?
Is salary calculation giving you a head ache?
3
We are excited to present our payroll outsourcing
process to you. We can help streamline your
payroll process, improve accuracy, and save your
time and money
4
Why you need to outsource payroll with technology
and expertise?
  • A payroll process is a series of tasks and
    activities that a company performs to manage and
    distribute payments to its employees. It involves
    calculating employees earnings, withholding taxes
    and other deductions and finally distribute
    payments to employees. It involves following
    steps
  • Collecting employees attendance data
  • Calculate employees pay using the data
  • Withholding taxes and deductions
  • Distribute salary in the form of cash, bank
    transfer cheque etc
  • Keep accurate records of employees pay

5
Why you need a payroll software
  • There are several risks associated with payroll
    calculations .error in the payroll calculation
    occurs mainly due to data entry mistakes ,
    incorrect formulas or inadequate training of
    staffs etc. The error can result the underpayment
    or overpayment of the employees. Both the
    problems leads to financial losses and legal
    issues
  • Payroll calculation must comply with various
    legal and regulatory requirements such as labour
    low ( state and central ) taxes law, minimum wage
    acts etc. Failure to comply with these
    regulations can result in penalties and fines
  • Error in the payroll calculations leads
    employees dissatisfaction and company's
    reputations .Which can impacts employees
    productivity
  • Incorrect payroll calculations can results in
    failed audit or other compliance reviews
  • To mitigate these risks, companies should
    implement robust payroll software system

6
Why you should choose our payroll services
  • There is a growing demand for payroll processing
    software , as more business are seeking to
    simplify their payroll processing and reduce the
    risk of errors. Our service (payroll and
    statutory ) offers a range of features and
    benefits that make it an ideal choice for a
    business

7
FEATURES AND BENEFITS OF OUR SOFTWARE
  • Feratues
  • Benefits

8
Features of our Statutory services
  • Before discussing about our features, lets
    discuss about why statutory part is important for
    your business
  • Statutory services are mandatory and required by
    law for individuals and businesses operating in a
    particular industry or jurisdiction. Failure to
    comply with statutory requirements can result in
    legal penalties and fines.
  • Statutory services are regulated by government or
    other regulatory bodies to ensure that businesses
    and individuals comply with relevant laws and
    regulations.
  • Statutory services often require businesses and
    individuals to obtain licenses or certifications
    to operate legally. These licenses or
    certifications are typically issued by the
    government or regulatory bodies after verifying
    that the business or individual meets the
    necessary requirements

9
  • Statutory services are often monitored and
    enforced by regulatory bodies to ensure
    compliance with relevant laws and regulations.
    This may involve conducting regular inspections
    or audits to identify violations and taking
    enforcement actions when necessary
  • Statutory services may also include education and
    training programs designed to help businesses and
    individuals understand and comply with relevant
    laws and regulations. These programs may be
    mandatory or voluntary, and may be offered by the
    government or other regulatory bodies

Overall, the features of statutory services are
designed to promote compliance with relevant laws
and regulations and ensure that businesses and
individuals operate legally and ethically.
10
Statutory Acts and its features
11
What Makes us Different?
Quality Audits
Continuous Learning
Expertise
Experience
Our statutory department is led by a group of
statutory specialists including advocates,
retired officers from different legal bodies
We are currently handling payroll and statutory
part of more than 50 clients all over Kerala and
our client strength is growing day by day
We conduct quality audits in our compliance and
payroll process in order to ensure an error free
service delivery.
We are regulary conducting webinars and classes
regarding statutory norms and keep our clients
updated.
12
Our statutory Services
  • Our Payroll and Statutory department is managed
    by a team of advocates and retired officers from
    various statutory related departments .We can
    ensure quality services to your company.
  • We provide support and assistance in handling the
    statutory and compliance functions of companies
    across Kerala. We will undertake the entire
    matters related to the compliance of EPF Act, ESI
    Act, Panchayath / Municipality Act, Bonus Act,
    Gratuity Act, Workers Welfare Fund Act , WPS, etc

13
gtgt General Statutory Auditing ESI
REGISTRATION AND RETURN FILING EPF REGISTRATION
AND RETURN FILING LABOUR REGISTRATION CONTRACT
LABOUR REGISTRATION PAYROLL PROCESSING THROUGH
WPS FACTORY REGISTRATION DOCUMENTS
PREPARATION UNDER VARIOUS ACTS FOR STATUTORY
COMPLIANCE ONLINE PF WITHDRAWAL
SUPPORT PROFESSIONAL TAX CALCULATION AND
SUBMISSION LABOUR WELFARE FUND AND WORKERS
WELFARE FUND- registration and payment
INSPECTION HANDLING -FACTORIES, EPF, ESI
LABOUR
14
ESI-EPF Registration and filing is mandatory as
per the law . We can help you to design your
payroll with minimum deductions
Statutory auditing will help you to analyse your
current position of mandatory statutory works
Smooth functioning of an establishment depends on
how they obey the rules
Labour registration and timely renewal will help
to avoid legal actions and to avail government
benefits
We help you to process WPS payments in most
effective way.
15
We can help you to keep the mandatory registers
and documents which can help handle the
inspection and legal actions
All statutory calculations
16
Keeping your registers in order
Hope you are maintaining these registers
  • Register of contribution KS Commercial
    Establishment workers
    welfare act 2006
  • Register of wages, OT register, register of fines
  • Employees register (form 6),Accident
    register(form 12)
  • Form A,B and C( Bonus Act )
  • Form 11,form 3A,Inspection Book(EPF)
  • Appointment letter, Service record(form BB)form
    D, register of holiday and leave
  • Muster roll in form VI, register of wages( Form
    XI),Form XII, Overtime register (Form V),Register
    of fines (For I), Annual Return , Register of
    employment and wages etc..

17
Error free statutory and payroll should ensure the following
1, attendance collection 2, payroll
calculation 3, payroll rechecking 4, Salary
processing 5, statutory deductions calculation 6,
statutory filing 7, statutory registers 8,
Statutory returns 9,employee letters(appointment
letter, appraisal etc 10, gratuity ,bonus
calculations and returns 11, statutory rules
updations 12, Inspections handling 13, employee
enquiries etc..
18
Teemar Payroll Deliverables
  • You have to manage
  • We will manage
  • attendance collection and hand over the data to
    us
  • 1, payroll calculation
  • 2, payroll rechecking
  • 3, Salary processing
  • 4, statutory deductions calculation
  • 5, statutory filing
  • 6, statutory registers
  • 7, Statutory returns
  • 8,employee letters(appointment letter, appraisal
    etc
  • 9, gratuity ,bonus calculations and returns
  • 10, statutory rules updations
  • 11, Inspections handling
  • 12, employee enquiries etc..

19
We offer comprehensive support and training
services to help you get the most out of our
software. Our customer service team is available
to answer your questions and resolve any issues
that may arise. We also provide detailed
documentation and training materials to help you
learn how to use our software effectively.
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