Monthly Payroll Process
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PF Return Filing
The information on the contributions made to the Provident Fund by the employer and the employee, along with their full details, is contained in PF returns. In order to avoid penalties and fines, it is necessary to submit the same on a regular basis, typically once a month.
ESIC Return Filing
ESIC (Employee State Insurance Corporation) oversees the ESI (Employees’ State Insurance) program, which provides financial and medical assistance to employees and their families. The Indian government offers this social security program. All employers who have enrolled in the program are required to file ESI returns, and failing to do so on time can result in fines and other repercussions.
Professional Tax Return Filing
Professional tax is the type of direct taxation placed on people with regular incomes. By employer and occupation, taxes are calculated differently and collected in different amounts. Individuals are required to file it by the deadline, which varies from state to state.
Tools used: Zoho, Greytip, Razorpay, Saral Paypack