Payroll Outsourcing :
“How outsourcing to Gainext adds value"
Clients can introduce compensation confidentiality in the true sense. Gainext has special expertise in this area more than the years.
For growing enterprises, instead of scaling up service functions like payroll, it is beneficial to bank on an outsourcing partner who can scale up to Client requirements, so that they can maintain a leaner administrative headcount.
Managerial time is scarce and valuable – any activity by which such resource can be released/ freed leads to immeasurable benefits to the Clients.
Gainext Payroll services is backed up by excellent data validation controls and rich domain expertise in tax and statutory regulations – Gainext is promoted by experts in field of accounting, tax, systems and processes. This will lead to efficient and system driven based payroll management.
Reliable technical support centre in Eilisys Technologies Pvt. Ltd., Gainext uses the best in business payroll management software.
Clients can mitigate risk of frequent employee turnover which otherwise leads to disruption in business process.
“Payroll Deliverables"
Monthly payroll and TDS computation
Pay slips, reports in soft/hard copy format
Reporting as per Client needs
Final settlement
Form 16 and ETDS processing
Direct and indirect benefits administration – like Sodexho, LTA etc.
Complete management of sending investment declarations, reminders, to employees and receipt, verification and filing of tax declarations, income tax proofs.
Valuation of perquisites as per Tax laws
Maintenance of records for internal/external audit
Statutory compliance and reporting
Orientation/ counselling employees to optimise tax liability and to meet their obligations
Providing information on provision for leave encashment on quarterly basis
Providing information for computation of Managerial Remuneration u/s 217 of the Companies Act 1956
Employee Query management
Special MIS reporting to monitor service level
Newly Introduced Employee Web Service
“Optional"
Maintaining a Disbursement Bank Account, Bank Reconciliation etc
Liaison with ESIC, PF office for monthly filing and follow ups
Liaison with agencies for leave encashment, superannuation, gratuity on annual basis