Payroll Management is an intrinsic part of a business. The complicities in handling payroll manually can be equally pricey and time-consuming. Hence, you should avoid the plague and let us help you.
Payroll outsourcing can make your work a lot easier, systematic, advanced, and even saves your employees’ valuable time.
It saves your money from hiring a new department and training the existing staff.
Defining Payroll Policy
Gathering Inputs
Input Validation
Payroll Calculation
Gross Salary Calculation
Net Salary Calculation
Statutory Compliances
Payroll Accounting
Payout
Reporting
Defining PayrollPolicy
Gathering Inputs
Input Validation
Payroll Calculation
Gross Salary Calculation
Net Salary Calculation
Statutory Compliances
Payroll Accounting
Payout
Reporting
Systematic
Approach
Compliances with
Statutory Requisites
Adaptable
Salary Structure
Past Data
Maintained
Disaster
recovery facility
Entrusting The Dovetail with your organization’s payroll-related operations can lessen the burden of keeping up with the latest updates in regulations, as we ensure that we are in line with the latest government compliance policies pertaining to the labour laws.
If your next concern is about how we manage your payroll, allow us to counter that! We have developed a strategic and organized 3-stage approach for dynamic payroll management.
It is crucial to check the prior month’s payroll allocation to prepare the payroll for a particular month. This stage includes pre-planning and calculating the number of days, which will aid during its preparation.
Significant errors in payroll management are the last thing we want. Revising payroll inputs can eliminate mistakes.
We ensure updates on new joiners, resignations, salary change, position change, attendance and leave, ad-hoc payments and deductions and loans, and arrears for gathering the necessary inputs.
We have developed a pre-built computation logic for arrears, loans, reimbursement, etc.
For seamless payroll calculations, we help estimate the Net pay for payroll calculation, applicable deductions like Income Tax, Professional Tax, Provident Fund, ESI, and the likes, which are deductible from the employee payment using our proficiency.
Taxes will also be assessed in this process, and then considering all this, we create the payroll statement. For verification and taxes, we correspond with the HR advice and calculated data of the previous month.
After the verification is successful in stage two, we proceed with the second process, payroll calculations. If the validation was inconclusive, then we revise the process again to confirm its verification.
The locked and verified payroll and all other information are entered into the accounting system (JV). JV calculates the gross salary and sends back the bank transfer advice, which will be printed, issued, or published in payslips.
We generate 100% automated statutory compliances and multiple payrolls related inbuilt reports for statutory return fillings and finally deposit deducted taxes and other payments in the bank.
Payroll outsourcing with The Dovetail is the best way to feel relieved because we are here to make it right. We possess a complete comprehension of the payroll needs of diverse businesses. Our payroll experts intend to do every payroll function with perfection. So, it’s time for you to pay more attention to your business’s core competencies and leave the rest safely with us.
We promise to serve your organization the best always!
Fill up the form & our team will get back to you shortly.
022-40106778, 022-40106788, 022-40106799
29, RNA Arcade, 4th Cross Lane,
Lokhandwala Market, Andheri West,
Mumbai - 400053
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