- Salary calculation on monthly basis taking into consideration the changes in salary structure and other variable components, if any
- Integrating the validated claims with payroll data
- Full and final settlement of employees dues and arrears
- Sending consolidated reports
- Pay slip generation for the month
- Updation of monthly TDS challan payment details.
- Final report provided to the client comprising of MIS and Compliance Statutory Reports
- Reconciliation of monthly TDS challans, with TRACES before creation of quarterly etds files for
- Monthly reimbursement processing – allocated and claimed
- NSDL submission
- Tax calculation and year end investment declaration
- Generation of eTDS returns along Form 24Q and Form 27Q for NSDL submission Year End Processing
- Processing of payroll based on latest legislative updates
- Investment proof audit (Proposed vs submitted vs rejected), submission of discrepancy report to client for final approval
- Monthly tax challan payment and JV report
- Final Investments record updation and final tds deduction report submission to client for approval
- Generation of Form 16
- Generation of digitally signed TRACES Form 16 (PART A & PART B) combined in single pdf
- Validating claims based on your policies
- Annual MIS reports
Why Paysquare
With 25 years of experience, Paysquare is a trusted payroll outsourcing partner serving over 3,000+ clients across India and globally. Every month, we efficiently process over 5 lakh+ payslips, ensuring accurate salary disbursement, full compliance, and seamless administration. By combining advanced technology with personalized support, we automate repetitive tasks, reduce errors, and provide you insights tailored to your company’s needs. From startups to large enterprises, Paysquare makes payroll simple, reliable, and seamless.
Our teams of experts keep an updated track of newly launched regulations of labour and Income Tax law.
- Bonus advice as well as return
- Generation of Form 24Q for Quarterly TDS return
- A provision to opt for a FBP (Flexi Benefit Plan)
- Filing of monthly return and PF advice
- Quick query resolution turnaround time by the help desk associates.
- ESIC advice as well as return
- Creation of the MIS reports easily when required.
- Pay slip generation with details of tax as well as CTC
- Return submission and professional tax advice
- TDS advice as well as return
- Consultation for your employees at the end of the year for investment and tax saving related purposes.
- Generation of Form 16
Payroll Services in Mumbai
Payroll is a critical function for every business—no organization can operate without it. Timely and accurate employee payments are essential, as research shows that on-time salaries are a major motivator for employees. Today, the biggest challenge for organizations is ensuring error-free payroll processing while staying fully compliant with constantly evolving regulations.
Payroll Processing consists of following activities
Compliance
- Generation of Provident Fund (PF) monthly forms and challans and UAN generation
- Monthly statutory compliance challans for PF, PT, ESIC
- Employee State Insurance (ESIC) monthly contribution file in electronic format for uploading on ESIC portal
- Monthly salary processed based on data provided as per attendance sheet, change in salary structure and other variable components
- Professional Tax (PT) challans and reports
- Calculation of TDS based on the proposed investments received from employees
- Labour Welfare Fund (LWF)
- Audited data with discrepancy report provided to the client for final approval
- Processing Reimbursements and Arrears
- Generation of Bank transfer files for the credit of monthly salary
- Salary Register for the month
- Full and Final Settlement for resigned employees
- Salary compensation audit report
Other Services
TDS CORRECTION, REVISE RETURNS FILING
- TDS correction and filing of revised returns
- Drafting of reply to default notices received from tax department
- Analysis of default notice received from tax department and proposing the course of action
INVESTMENT PROOF CHECKING
- Checking of investment proofs submitted by employees under different income tax sections
- Submission of discrepancy report of investment approved and rejected to the client and concerned employees
REIMBURSEMENT PROOF CHECKING AND PROCESSING
- Auditing of reimbursement proof submitted by employees
- Processing of reimbursement for payout as per the approved limits
- Submission of discrepancy report of approved and rejected proofs by our team
Kick-Start Your Payroll Outsourcing
Journey With Us.
Let us sit together for a quick walk through of the payroll and HR solutions, we have
on offer for you.