Payroll Services Offering

TopSource delivers payroll services and we have strong process transitioning and project management experience across multiple domains. Our qualified accounting professionals understand the complexities of managing dynamic payrolls. Timesheet processing, HR data tracking, payslip production, helpdesk support and other services are all part of what we offer.

Services Offering

• Create and maintain employee personal details and salary masters
• Investment declaration and proofs verification included in payroll processing
• Monthly payroll processing
• One time payments like performance bonus, ex-gratia, etc.
• Customisable earnings and deduction codes
• Provision for arrears computation
• Full and Final Settlement, provisional Form 16
• Recovery of company loans and employee welfare scheme deductions
• Hosted employee self service application Portico to:
  • Raise queries
  • View payslips, IT Report, Form 3A, Form 16
  • Submit/modify investment declarations.
  • Flexible compensation structure definition
  • View the annual salary to date statement

Reporting:

• Salary register in MS Excel format customised by department, cost-centre or business area
• Payslips in PDF for validation
• Password protected payslips by email or on Portico
• Income tax computation reports on Portico
• Payroll Variation Reports
• Statutory reports – Form 16, 12BA, Q24, 27A
• Monthly income-tax statement and challan
• Provident Fund Forms 12-A, 3-A, 6-A, 5, 10
• ESIC contribution statements
• Bank upload / transfer files in the required format, payment advice by bank
• Professional Tax statements
• Reimbursement balances reporting on monthly basis
• Annual Salary Statements
• Quarterly e-TDS (Form 24)
• Form 16 and Form 12BA at year-end
• All annual reports
• Managerial remuneration reports as required under the Companies Act

Statutory filing services

We offer statutory filing services that cover the following services:

Provident Fund

• A/c opening, Nomination & Transfer for new joinees.
• Filing of monthly returns of Form 5, form 10, 12-A.
• Filing of annual returns in 3A, 6A in March.
• Help the employees in filling of form 10C, 13, 19 etc. for withdrawal/ Transfer of outgoing members
• Death Case & Advances
• Deposit all these returns with the PF commissioner.
• Follow up for withdrawal/ transfer
• Assist in procuring PF statements from RPFC
• Attending periodical inspections

Labour Welfare Fund
Calculation and preparation of Half Yearly return.

Profession Tax
Calculation and preparation of monthly statement.

ESIC

• Calculation & preparation of monthly ESIC challan
• Maintenance of form 7 in ESIC register on monthly basis
• Preparation, verification and submission of
  • Form 3: Return of declaration along with declaration form 1 for each covered employee
  • Form 1A: Family declaration form
  • From 1B: Changes in family declaration form
  • Form 5: Return of contribution – half yearly return
  • Form 10: temporary disablement benefit form
  • Form 13, Form 14A and Form 12A: Claim of Benefits
  • From 15: Claim form for dependant’s benefit
  • Form 16: Accident Report from employer
  • Form 17: Dependant’s or funeral benefit
• Follow up for settlement of Maternity Benefit in respect of women employees
• Assistance in collection of temporary and permanent insurance cards