Payroll (HR) Services

Payroll services are companies or organizations that handle the administration of an employees salary and wages, as well as the payment of taxes and other deductions. This can include calculating and issuing paychecks, direct deposit payments, and issuing related forms.

We at FACO take care of all the Payroll needs to avoid any legal complication at your end. We mainly the provide the below mentioned payroll services however these services can be amended to add or less any service as per your needs;

• Exact calculation and disbursement of the monthly salaries after considering the all the due deductions like taxes and EOBIs.
• Calculation and preparation of monthly tax challans against each employee’s personal detail after considering the due tax liability of that employee.
• Calculation and preparation of monthly EOBI (Employee Old Age Benefit) challans
• Preparing Employees Social Security detail of each employee
• Preparing and maintain the provident fund detail including its Profits, withdrawals and addbacks of the employees
• Issuances of the monthly Pay slips detailing the Salary breakup and deductions against it
• Issuance of Income tax deductions certificates
• Drafting of the employment contracts, offer, termination and resignation letters
• Regular Monthly, year-end and on-demand reporting