Income Tax
We will provide income tax return preparation, Revised return, Responding to Department notices and solving other Income Tax related issues.
Payroll Maintenance
Payroll process refers to the maintenance of employee financial records with respect to their salaries, wages, net pay, tax deductions, incentives and other statutory requirements like PF (Provident Fund) and ESI (Employees' State Insurance).
Timeline - 10 to 15 Working days
Payroll maintenance
What is meant by Payroll maintenace?
Payroll process refers to the maintenance of employee financial records with respect to their salaries, wages, net pay, tax deductions, incentives and other statutory requirements like PF (Provident Fund) and ESI (Employees' State Insurance).
. Payroll calculations are defined as the multiple numbers and business tasks performed by the employer. The sum of which equals the employers pay. The gross wages and deductions are calculated by the employer to pay the employee’s net amount that needs to be paid.
How to calculate Payroll?
Notification to the employees
Collect scheduling or week schedule
Review and approve scheduling
Enter hours worked
Enter wage rate changes
Calculate gross pay
Payroll Maintenance
Benefits
01.
Easy Tax Filing and Reports:
Under the Income Tax Act, every salaried individual is liable to pay taxes as prescribed by the State and Central governments depending on the salary and exemption limit. It also takes care of all the compliance and statutory requirements which helps the company in filing taxes easily.
02.
Economical based and Time-Saving,
Usually, payroll software is designed to integrate the existing accounting system. This helps in the part of small firm industries to large firm industries, by the way of saving more time, less man power, collecting large amount of data with less effort, calculating the budget plan of the firm for what, companies spend on each employee.
03.
Money Compensation:
Every individual’s compensation, including salary, incentives and bonuses are included in the payroll system. This makes it easier for companies to evaluate employee performance at the time of appraisal and determine Compensation.
04.
Maintaining Reputations:
A firm must ensure to maintain commitment to the country’s tax obligations and labour compliances like TDS,ITR,ESI PF etc. This enhances an firm’s reputation as a stable employer and also helps in increasing the brand proposition.
Founder's Agreement
We Serve Everywhere
Thewealthbridge.in is web portal of the Virutchamwealth Bridge Private Limited is one stop business setup and consulting company, managed by specialized team of Business Analysts,Company Secretaries, Chartered Accountants, Corporate Lawyers and Financial Professionals company headquartered in Vellore,Tamilnadu, India. Having known for our quality of services, delivering the projects on time, we have clients spread across the globe
Business Licenses
Our Professionals Will help you in getting your business licenses and Business licenses necessary for smooth running of businesses
Financial Services
we will Provide Funds for both personal and Business. Our funding system gives a credit line facility, enabling you to expand your business to new heights
GST Returns
We will make your business to GST Compliance. Returns are required to be filed digitally online through a common portal to be provided by GSTN
What are the Documents Required for Payroll Maintenance?
Certificate of Registration (COR):
Electronic Challan cum Return (ECR) document
GST (Goods & Services) Certificate
TIN (Taxpayer Identification Number) Certificate
Process
Establish your employer identification number. .
Collect relevant employee tax information
Choose a payroll schedule
Keep payroll records and adjust to mistakes.
Payroll Maintenance
FAQ
Payroll Management can be outsourced, managed on our own or through software, But it is best when outsourced as it is cost-effective and saves-time and money. Not to mention, the opportunity to closely work with the payroll specialists and financial experts who are well versed on the latest tax rules and compliances.
Statutory deductions are P IT (income tax), EPF (employee Provident Fund), TDS (tax deducted at source), ESI (Employees State Insurance) which are deducted according to the individual’s annual compensation and state legislations.
Managing accounting, payroll, tax and other financial responsibilities, is very complex especially if your business is startup venture. Hence, by outsourcing payroll process, you can save time and money, accuracy in calculation and deductions, getting expert guidance from payroll specialists, and accounting and financial professionals.
Our payroll system is well-secured, and guarantees to protect your company data and employee information. With a robust security system in place, we do not compromise on the security of bank account numbers, addresses, pay rates, and other details required to process the payroll and tax forms.
There is no minimum and maximum limit when it comes to the employee count. We can process payroll even for one employee
About Wealth Bridge
We Help You To Form Your Company In A Simple Way Wealth Bridge Will Making More Possibilities which aims at providing much-needed funds to businesses across the trading and service industry
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Useful Links
Head Office
2nd Floor, #23, 8th East Main Road
Gandhinagar, Katpadi, Vellore
(+91) 416 2241199
(+91) 86677 53901
Branches
ARAKKONAM OFFICE
# 10/1, Thiruthani High Road ,
Upstairs to Central Bank ,Jothi Nagar,
Arakkonam , TamilNadu - 631003
Phone:+91 6381184522 , +91 8012747723.
RANIPET OFFICE
No 126, MBT Road, Mahaveer Complex,
First Floor, Muthukadai,
(NearDarling bakery) Ranipet - 632401
Phone : +91 417 2295006 +91 86675 42148