PAYROLL OUTSOURCING

Why Outsource Payroll:

1.Time is Money:
Time is Money: Processing the payroll of your organization in-house often leads to a lot of confusion, like what resources to use, the time the process might take and the accuracy of the overall results. Thus, consuming a lot more time than expected.

2.Accuracy:
As payroll requires to process salaries of employees. Accuracy is important to save the money of your organization

3.Transparency:
We at value first believe in complete transparency as we are truthful and accurate. We keep the promises that clients make. We maintain two way communication. We update our clients with time to time updates and share knowledge.

4.Compliance and minimize risk:
Change in rules and regulations will lead to a lot of confusion and mistakes. Which is necessary to check upon the new updates of the software. Choose value first consultancy and we will ensure to keep it trouble free and modernize all the way!

PAYROLL OUTSOURCING SERVICES
· Payroll processing
· Query management/ Help desk
· Full & final settlement processing
· Generation of form 16 every year.
· Record maintenance & retention
· Statutory report generation & filing of necessary statutory returns
· Standard report& MIS
· Pay slips e-mailing

ESIC ACT

Employees’ State Insurance is a government of India undertaking for providing social security and health insurance schemes for the workers of the indian state.

It is compulsory for any organisation having reached 10 employees at any given time.

Various Benefits To Employees Include
Sickness benefits
Cash benefits
Maternity benefit
Temporary and permanent disablement benefit
Various Benefits To Employer Include
Exemptions from the applicability of workers compensation act
Exemption from payment of medical allowance to employees and their dependents
Exemption from maternity benefit act
Rebate under the income tax act on contribution deposited in the ESI account

Among others this act covers not only the worker but their entire family in providing complete medical coverage.

List Of Work To Be Attended Under ESIC
Preparation, processing of monthly esi data
Generating the esi consolidated challans
Attending to inspections or enquiry by authorities
Preparation of employee benefit temporary card
Updating & maintaining of esi records
Preparation & processing of half yearly & yearly records
VALUE FIRST ADVANTAGE
We have experience of 35 years in the field of esi . we have helped more than 300 clients in complying with esic act. And we are specialised in solving in kind of notices having successfully solved 100’s of notices.

PROVIDENT FUND

The Employees’ Provident Fund (EPF) is a savings tool for the workforce. It is a scheme managed under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, by the Employees’ Provident Fund Organisation (EPFO).

Under the EPF scheme, an employee has to pay a certain percentage from his pay and an equal amount is contributed by the employer. The employee gets a lump sum amount (which includes his own and employer’s contributions) with interest upon retirement or two months of quitting the job.

Work to be attended under provident fund;

1. Preparation, processing of monthly provident fund data
2. Generating the provident fund consolidated challans
3. Attending to inspections or enquiry by authorities
4. Creation of unique identification number for employees for easy viewing of passbook and withdrawal of their provident fund and pension amount
5. Updating & maintaining of provident fund records
6. Preparation & processing of half yearly & yearly provident fund records

 

Value First Advantage

We have multi decade experience and knowledge in handling provident fund and we provide end to end services. We have served over 200 clients in solving out their provident fund issues.

PROFESSIONAL TAX

Professional Tax is a tax levied by states that applies to salaried employees and professionals, including, doctors. Business owners, working individuals, lawyers’ merchants, chartered accountants and people into various occupations come under the applicability of this tax.

Employee Professional Tax Slab:

PROFESSIONAL TAX SLAB IS FLAT CHARGES APPLICALBLE- SINCE THIS TAX IS LEVIED BY STATE. IT VARIES FROM ONE STATE TO OTHER.

Employer professional tax slab:

Every employer has to register their company under professional tax and pay a fixed yearly a nominal registration fee

DOCUMENTS REQUIRED FOR PROFESSIONAL TAX REGISTRATION.

1. PAN CARD OF OWNERS/DIRECTORS.
2. ADDRESS PROOF
3. AADHAR CARD OF OWNER/DIRECTORS.
4. PASSPORT SIZE PHOTO.
5. SALARY DETAILS OF EMPLOYEE.

Value first advantage

We have dealt with all P.T.O in the country in sorting out issues of our clients

Labour Law Compliance

Labour law compliance includes following

1. Minimum wages act
2. Factory act
3. Mine’s act
4. Shop establishment act
5. Industrial employment act
6. Labour welfare fund
7. Contract labour act
8. Building and other construction workers act

Different organizations need to maintain various records under the above said acts.

We at value first are instrumental in maintaining all the relevant records for.
-Filling
-Registering
-Maintenance of record
-Audit
-Dealing with government offices

LABOUR LAW COMPLIANCE

Labour law compliance includes following

1. Minimum wages act
2. Factory act
3. Mine’s act
4. Shop establishment act
5. Industrial employment act
6. Labour welfare fund
7. Contract labour act
8. Building and other construction workers act

Different organizations need to maintain various records under the above said acts.

We at value first are instrumental in maintaining all the relevant records for.
-Filling
-Registering
-Maintenance of record
-Audit
-Dealing with government offices