Payroll Management

Azalea Advisors: Professional Payroll Outsourcing Company in India

Payroll-related and timely compliance is considered the biggest responsibility for every type of organization irrespective of the size. It can become a lot simple with the help of Professional Payroll Outsourcing Services in India. We are amongst the most trusted Payroll Consultants in Pune. The processing of salaries with the help of excel tools is considered to be a time-consuming and cumbersome process to follow but it can be efficiently get changed with payroll processing services in Mumbai. Finding Payroll Outsourcing Services in Pune has become a lot easier nowadays.

Payroll Processing Services

If you are also worried about hiring the best payroll processing company in Mumbai then our team will be there for your help. This is the reason we bring Payroll MIS Reports along with an end-to-end payroll outsourcing solution which will help in reducing the processing costs with consistent and streamlined execution of all the statutory, payroll, and compliance requirements. We are a Payroll Outsourcing Company in Pune and we also take into consideration all the year-end needs related to the tax declarations which ensures the correct TDS deductions of all the employees. We are the most trusted and experienced outsourced payroll service provider in Mumbai.

Professional Payroll Outsourcing Company

Frequently Asked Questions (FAQs)

Businesses require an effective solution to manage their employee’s monthly payroll. This is where opting for the services of a payroll outsourcing company in India can prove to be beneficial. As part of their payroll processing services, they take care of everything from managing employee salaries and leave and attendance to generating reports and managing tax compliances.
Here is when you can consider taking payroll outsourcing services in India:
  • When you are a small company and need time to focus on growing your business rather than spending time on payroll processing.
  • When you don’t wish to invest in an in-house payroll system and infrastructure.
  • When you have multiple branches and payroll is complicated to manage.
Some of the advantages of payroll outsourcing services include the following:
  • No heavy expenditure on in-house systems and infrastructure
  • Access to professional skills and resources for payroll processing at all locations
  • No worries about recent amendments in payroll calculations
  • 24*7 access to system-generated reports that are easy to comprehend
  • Improved data security including redundancy mechanisms and regular backups
Some key aspects to consider while outsourcing payroll includes:
  • Comparison of in-house payroll processing v/s hiring a payroll outsourcing company
  • The accuracy level of your current payroll management processes
  • The time it takes for payroll processing and without any errors
  • Level of automation in the entire payroll processing if you outsource it
  • Is the end-to-end payroll easy to manage?s
  • The data security and backup facility of the payroll management system
Payroll outsourcing companies work towards making payroll processing hassle-free for you and helping your company enhance their productivity while saving huge costs. Some features include:
  • Improved efficiency of employees
  • Accurate tax return filings
  • Using the best technology for timely payroll management/li>
  • Eliminating manual errors in payroll processing
  • Is the end-to-end payroll easy to manage?s
  • The data security and backup facility of the payroll management system
Yes, our payroll software gives you the option to import the file containing employee information. You can import as many times as needed.
Here are some common errors that happen during payroll processing:
  • Setting up payroll erroneously
  • Delay in running the payroll
  • Ignoring to record paper checks;
  • Miscalculations in employees’ salaries
  • Incorrect or late submission of deposits
  • Paying or deducting more money from an employee’s account
Yes. Depending on the size of your company and employees’ count, payroll software can be customised as you like.
Here are some of the pertinent payroll-related statutory compliances you must take care of:
  • Shop and Establishment Act
  • ESI Actl
  • Payment of Wages Act
  • Maternity Benefit Act
  • Factories Act
  • Minimum Wages Act
  • Bonus Act
  • Professional Tax Act
  • PF and Misc. Provision Act
  • Contract Labour Regulation and Abolition Act
  • Labour Welfare Fund
  • Other Labour Regulations as applicable to the establishment
Yes, you can sign up in the middle of the financial year for payroll services. The existing payrolls data can be conveniently imported using the import option.

Payroll Structuring

  • Payroll structure across levels of organisation
  • Target to increase in hand components
  • Focus on employer/ employee friendly structures
  • Derive maximum tax benefits
  • Ensure regulatory aspects

Salary computations

  • Ensure hassle free pay days
  • Accurate payouts
  • Timely reimbursements
  • Full & Final settlements
  • Loss of Pay adjustments

   Employee Self Service

  • Enabling employees to view payslip anytime, anywhere
  • Simplified tax computation sheets
  • Online investment declarations
  • Employee Dossier
  • Leave Management
  • Claims Management

Employees Change Management

  • Employee master updations
  • Easy salary updations
  • Cost centre updations

Payroll-related compliance

  • Payroll Statutory Compliance
  • Generating Statutory reports like PF, ESI, PT and LWF
  • Remittance of taxes
  • Preparing and submitting ESI wages and assisting on audits/inspections

Year End process

  • Actual investment proof verifications
  • Leave Encashment
  • Digital submission of Investments docs
  • Issuance of Form 16

Payroll MIS Reports

  • Total Salary payouts
  • Change in headcounts
  • Payroll Statutory Compliance
  • Detailed pay structure with journals
  • Employee loan & recovery statements
  • Analyze attrition, turnover, and retention

Azalea Advisors has been an invaluable help to my business. They have provided excellent service for the registration of our LLP. We are impressed with their professionalism and diligence in everything they did during the registration process. We look forward to working with you guys in the future.

Neha Makdey

Director – Expert Academic Help Services LLP

Payroll was never a problem when we had about 50 employees. However, when the strength increased to 100+, processing payroll became increasingly difficult to manage in-house. The number of man-hours spent on it was too much then we decided that it was the right time to outsource payroll to expert Payroll management consultancy. The relationship with Azalea Advisors has been excellent. Team Azalea has taken care of our company’s end-to-end payroll right from employee master creation to processing salary. The implementation process was smooth and efficient and they were able to migrate the entire excel data into the application in weeks time. Their account management team and support team are very responsive. I will definitely recommend them for their payroll services. Looking forward for a continued relationship.

Shashi Kumar

CEO – Grand View Research Private Limited

Azalea Advisors is one stop solution to start your Organization right from the incorporation to handling accounting, compliances and filling returns. I am very impressed with their helpful staff and quick response. They are easy and reliable therefore we have given them to take care of our entire financial process. Excellent services! I will surely recommend to everyone – friendly, hassle free and absolutely affordable services for startups.

Bhawna Bhutani

Director – Global Market Insights Research Private Limited

Azalea Advisors has been handling our company’s payroll for more than a year and the overall experience has been more than satisfactory.  We save 4 to 5 man-days that can be spent effectively by focusing on our core activities. Their support team and account-management team have been very responsive in handling all our queries.

Charanjeet Singh

Director – Global Market Insights Research Private Limited

Thanks to Azalea Advisors who have helped us in all the formalities while forming the company and made the process very smooth . We received  the right kind of co-operation from their team at every step. While they stand out exceptionally in terms of professionalism, Team Azalea is always keen to assist in many other aspects related to business. I personally would recommend them to friends and acquaintances in my circles for their timely assistance, transparency in work, clear and correct information that they provide and their well disposed outlook with each and every client.

Soumya Vilekar

Director – Involute Metal Powder Technologies LLP

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