Managing payroll accurately and efficiently is crucial for any business. Our Payroll Processing Services ensure seamless salary computation, tax compliance, and statutory filings while maintaining confidentiality and accuracy.
Computing employee wages, bonuses, and overtime pay.
Issuing salary slips and reports to employees.
Depositing salaries into employees' bank accounts.
Syncing payroll with employee attendance records.
Processing medical, travel, and other reimbursements.
Addressing payroll-related inquiries.
Ensuring adherence to labor laws and preparing compliance reports.
Handling TDS, Provident Fund (PF), Employee State Insurance (ESI), Professional Tax (PT), and other statutory deductions.
The cost you pay for outsourcing your payroll to a third-party vendor will be a fraction of the cost you would spend on an entire in-house payroll team. This is a critical function of any business since information on salaries is highly confidential.
We at Finable, handle payroll outsourcing through our dedicated payroll team. This highly specialised team handles only payroll related work for multiple clients across sectors and is well versed with the applicable local laws. Error-free processing, on-time delivery, cloud based HRMS system, back end support for query resolution is what makes outsourcing this otherwise crucial function seamless.
Third-party payroll is when a company outsources the employment of workers to Finable. Finable becomes the official employer on record, handling salary payments, tax compliance,
benefits administration, and HR formalities. Finable hires employees under its own payroll but deploys them to work for the client company. Hence, there is no need for an in-house HR or payroll department, reducing administrative expenses. All statutory obligations (PF, ESI, TDS, labor laws) are met by Finable, minimizing legal risks of the client company. This is widely used in industries like IT, BFSI, manufacturing, and startups where companies need temporary, contract, or outsourced employees.
