Talent Chase Global presently manages payroll systems and related statutory compliances for multinationals and large corporations.
Why TCG Services?
It provides improved administration
It offers companies with complete compliance
Proven delivery process, seamless migration of processes
Employee empowerment
Proven record of maintaining confidential Information
Repository of FAQ’s, help made available with extensive knowledge base.
Experienced team of professionals .
Comprehensive coverage of compliances
Statutory and MIS reporting
Knowledge base of current HR practices and policies
TCG Consultancy Services Private Limited is a leading Process Outsourcing Services for the following services:
Comprehensive Payroll Services
Payroll processing
Total Employee Cost control
Employee Income Tax planning, if required
Administration of reimbursement under Benefits Plan
Formation and management of trusts for PF, Gratuity & SAF area
Developing HR policies related to Compensations and Benefits
Employee reimbursements – compensation covered
Employee Business Expenditure monitoring and reimbursements
Legal and statutory for Labor and Payroll compliances
Accounting Services
Fixed Assets Accounting and Management
Service deliverables will be as follow:
Processing – Under this assignment we shall offer following services:
Payroll Processing:
Processing Monthly Payroll based on the inputs provided by you.
Issuance of Pay-slips
Letter to Bank intimating them the amount of salary to be credited in each
Employees account.
Any other MIS reports or Cost Centre Allocations that you may desire.
Generation of TDF, PF and ESI Reports
Maintenance of TDS on Salaries includes
Deposit of TDS on a monthly basis.
At year end, Issuance of Form 16 to each employee on payroll.
Making and Deposit of Quarterly and Annual Form 24 with Income Tax Department at periodic intervals.
Monitoring of TDS deduction employee wise along with Investment undertakings, Investment proofs, etc.
Based on the investment undertakings obtained, computation of estimated tax liabilities for the year for each employee and issuing of statement to this effect to each employee at the beginning of the year.
Advising of any changes in the Income Tax Act from time to time.
Making Full & Final Settlements for Employees leaving the company after getting the relevant data from your end.
Reimbursement Management includes
Monitoring employee entitlements on a month-to-month basis.
Receiving monthly reimbursement details from HR and processing them.
Taking the monthly input from the bills, provided by HR / Finance.
Computing the tax implication of reimbursements and including these in the TDS calculations.
Provident Fund (PF) - managed by the Regional Provident Fund Commissioner
Maintenance of records as required under the Employees Provident Fund Act.
Generation of online Monthly PF Challan
Deposition of PF, if required
Assistance in providing data required for PF inspection by PF Inspectors.
Advice you with relevant Government notifications and implement all statutory modifications or changes under the enactment.
Employees State Insurance (ESI) covers compliances under the main code and each sub code at
Checking and deposit of ESI Contribution on a monthly basis.
Maintenance of records as required under the Act.
Filing of eligibility forms for the employees.
Filing of half yearly returns
Attending to inspection by any official from the ESI department.
Advice you with relevant Government notifications and implement all statutory modifications or changes under the enactment
0120-4802103
info@talentchaseglobal.com
