Payroll Management

Payroll Management Services

Managing payroll efficiently is crucial to employee satisfaction and regulatory compliance. At Neetu Aggarwal & Associates, we offer end-to-end payroll solutions that streamline your payroll operations while ensuring complete adherence to statutory requirements. Whether you’re a small startup or a growing enterprise, our services are tailored to your specific organizational needs.

Payroll Processing & Salary Calculation

We manage the entire payroll cycle, from attendance tracking to salary disbursement, ensuring timely and accurate payments every month. Our system accommodates complex payroll structures, variable components, and performance-based incentives.

Key Features:

• Monthly salary calculation with tax deductions

• Leave and attendance integration

• Bonus, overtime, and arrear calculations

• Payroll software integration (if applicable)

Issue of Form 16

Issuing Form 16 is a statutory requirement for employers, and we ensure that your employees receive them on time and in compliance with TDS provisions.

Our Services Include:

• Accurate TDS computation on salaries

• Generation and distribution of Form 16

• TDS reconciliation with Form 26AS

• Quarterly TDS returns filing (Form 24Q)

Statutory Compliance & Taxation

We help you stay fully compliant with all applicable laws related to employee compensation, deductions, and taxation.

Coverage Includes:

• Provident Fund (PF), Employee State Insurance (ESI) compliance

• Professional Tax (PT) registration and filing

• Labour Welfare Fund (LWF) contributions

• Income Tax calculations and filing for employees

Periodic Reconciliation with Books of Accounts

Regular reconciliation ensures your payroll records are accurately reflected in your accounting books, minimizing discrepancies and enhancing financial control.

Services Provided:

• Monthly reconciliation of payroll data with financial accounts

• Adjustment entries for accruals, bonuses, and reimbursements

• Review and alignment with general ledger

Payroll Reports & Documentation

We generate detailed payroll reports that give you full visibility into your employee compensation data, helping you make strategic HR and financial decisions.

Our Reporting Includes:

• Payslips and payroll summary reports

• Employee-wise salary statements

• Statutory compliance reports (PF/ESI/PT)

• Tax deduction and remittance summaries