Transcript Slide 1

RNC
PAYROLL MANAGEMENT
PAYROLL OUTSOURCING
AT RNC
PAYROLL SERVICE
Payroll can be one of the most time consuming tasks for an employer.
Between entering employee data, keeping it up to date, ongoing
processing and reconciling with other systems, there's often little time to
get valuable information from payroll that can help you manage your
business
Its more than just organizing or entering employee data, keeping it up to
date, ongoing processing and reconciling with other systems.
Vital HR information from payroll can help you manage your business
efficiently
Covers Statutory & Legal Compliance
Gamut of Payroll Services
Assured statutory compliance
Scrutiny of reimbursements like medical, LTA, etc
Scrutiny of Investments Proofs
Automated computation of perquisites taxes & various statutory deductions as
framed under the laws of the land.
Pay slips through e-mail / Hardcopy Accompanied with Detailed Monthly tax
calculation & loan balances.
Handling multiple pay structures of Branches/Divisions/subsidiary companies &
Grade specific payroll requirements
Key Features of Payroll Outsourcing
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Our services can be customized to user requirement.
All Statutory Deductions such as EPF / ESI / MLWF / Gratuity / TDS / PTax are taken
care of. If the Payroll of more than one Location is managed pay slips can be defined
depending on Location wise.
Employees can be referred either with Employee ID/Ticket No/or Reference No.
No. of days in the month can be flexibly defined.
Each Branch wise working days can be defined.
No. of days present and No. of days on which Salary is calculated (Including Paid Leave)
both are considered with formulating a field value.
Rounding off options & Carrying over of rounding off values to next month.
Leave Management – Tight Integration / Loose Integration.
OT Rate Calculation – Hourly basis or on Per day basis.
Multiple Branch Details in Single File.
PF / ESI / PT rate user definable on Monthly basis.
Arrears Calculation.
Restriction on Record Management Dates – 5 years Data can be Managed.
User Definable Salary Heads.
Salary Definition on the Basis of Group / Scale.
Salary components can be defined as Inputs / Calculated Fields / OT.
PAYROLL OUTSOURCING -ADVANTAGE
Cost Effective
Helps companies focus on core business activities
Leverage the Payroll Expertise of RNC
State-of-the-Art technology at no extra cost
Less legal adherence & paper work for the client
Changes if any in statutory compliances are updated on regular basis by RNC
Higher Employee Satisfaction
Timely Execution and MIS Generation
All Statutory compliances taken care of RNC.
RNC STRENGTHS
A Specific email helpline created for addressing all payroll related queries
Customization available as per the client’s requirements
Provision of concal services if the client requires the same
Adherence to all Statutory compliances
Managing Payroll of employees from diverse industries
Specific handling of queries of payroll of senior people
Confidentiality and Data Security
Payroll Deliverables: (Sample Template)
Reports
HardCopy
SoftCopy
Pay slips
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Salary Registers
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Bank Payment Reports / File
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Company Salary Summary
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Salary JV (Journal Voucher)
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Full & Final Settlement
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Labour Welfare Report
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Monthly ESIC Summary
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Monthly EPF Report
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Montly Profession Tax Challan Report
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STATUTORY COMPLIANCES
All Statutory Reports as per the requirements of
Various regulatory bodies.
Income Tax
Profession Trades & Callings Act.
EPF & M.P Act 1952.
ESIC Act 1948.
Employee Welfare Scheme (MLWF, etc.)
Monthly Payroll Processing
INPUTS FROM
CLIENTS
• Joinees /Resigned
• Attendance
• Reimbursement
• Tax & Loan
• Payroll & Reimbursement Processing, Update Tax
Declarations, Leave records & Master Data
Monthly
processing
RNC
Outputs to
Client
• Pay Sheets,
• Pay Slips, Salary JV, Statutory & other
• Customized payroll reports
REPORT FORMAT
LOGO
COMPANY NAME
ADDRESS
PAY SLIP FOR THE XXXXXXXXX
Name
Designation
Site
HO
XXXXXXXX
Manager - Internal Aduit EPF NO.
MH/XXXXX/OO1
Credited to
10-Apr-09
007
A/c.
D.O.J
Earnings
Basic
DA
Deductions
5,160.00
Conveyance
Allowances
2,580.00
Gross
Incentive
Total Salary
Loss of
Amount
Provident
Fund
5,160.00
House Rent
Allowance
Others Allowances
Loss of Days
7,740.00
ESI
PT
5,160.00
Staff Loan
25,800.00
-
25
20806
300
0
200
1000
Salary
Advance
500
Telephone
Recovery
200
TDS
Total
25,800.00 Deductions
NET
PAYABLE
LOAN
BALANCE
600
23,606.00
2,194.00
19,000.00
Employee Signature
PAY SLIP
Company Name
SALARY ABSTRACT - MONTH‘xxxxxxxxx
Abstract:-
Control
Basic
DA
Total
As per
Previous
Month Total
Salary
Add
YUUUUUUU
ABCDEFG
0
0
0
Other Allowances:-
HRA
Conveyance Allowances
Others Allowances
0
0
0
0
(+)
0
0
0
0
Total
Gross Salary
Rs.
Deletion:
HJHGFJ
JKHFGY
0
0
(-)
0
(+)
0
As per
Current
Month
Increment:
0
Other Earnings:Incentives
Total
Total Salary
0
0
0
Total Salary
As on Feb'08
Deductions:LOP
Loss of Pay
PF
ESI
PT
Staff Loans
Salary Advances
Telephone Recovery
Income tax
Total Deuction
0
0
0
0
0
0
0
0
0
0
Net Payable
0
0
0
SALARY CONTROL
STATEMENT OF EPF FOR THE MONTH OF
XX'08
Sno.
A/C No.
Employees
Name
D.O.J
PF Salary
Employees
Employer
Employer
Contribution Contribution Contribution @
@ 12%
@ 3.67%
8.33%
Total
1
MH/XXXX/01 XXXXXXXX
8-Oct-07
2497
300
92
208
600
2
MH/XXXX/01 YYYYYYYY
2-Nov-07
1524
183
56
127
366
3
MH/XXXX/01 AAAAAAA
19-Nov-07
5150
618
189
429
1236
4
MH/XXXX/01 BBBBBBB
26-Nov-07
4000
480
147
333
960
5
MH/XXXX/01 CCCCCCC
10-Dec-07
4000
480
147
333
960
6
MH/XXXX/01 ZZZZZZZZ
24-Dec-07
4000
480
147
333
960
7
MH/XXXX/01 EEEEEEEE
7-Jan-08
6500
780
239
541
1560
8
MH/XXXX/01 YUUUUUUU
6-Oct-08
3355
403
123
279
805
9
MH/XXXX/01 ABCDEFG
12-Oct-08
2581
310
95
215
620
Total
33607
4034
1235
2798
8067
ABSTRACT:-
Employees Strength
EPF Salary
As per last month
9
As per Paysheet PF
Salary
33607
As per Paysheet PF
4034
Addition
2
As per EPF Statement
33607
As per EPF Statement
4034
Deletion
2
As on current month
9
Difference
0
0
PF
MONTHLY
STATEMENT
COMPANY
NAME
STATEMENT OF ESI FOR THE MONTH OF XX'08
Sno.
Employees
Ins No.
Name
D.O.J
ESI
Gross
Salary
Employer
Employees
Contribut
Contributio
ion @
n @ 1.75%
4.75%
Total
1
YYYYYYYY
2-Nov-07
3048
53
145
198
2
BBBBBBB
26-Nov-07
8000
140
380
520
3
CCCCCCC
10-Dec-07
8000
140
380
520
4
ZZZZZZZZ
24-Dec-07
8000
140
380
520
5
YUUUUUUU
6-Oct-08
6710
117
319
436
6
ABCDEFG
12-Oct-08
5161
90
245
335
Total
38919
680
1849
2529
ESI
MONTHLY
STATEMENT
ABSTRACT:-
Employees Strength
ESI Salary
As per last month
6
As per Paysheet ESI
Salary
38919
As per Paysheet ESI
680
Addition
2
As per ESI Statement
38919
As per ESI Statement
680
Deletion
2
As on current
month
6
Difference
0
0
COMPANY NAME
PF & ESI – Monthly Summary Reporter
Please issue cheques for PF & ESI remittance as stated
below
PROVIDENT FUND
PF Salary
33607
Head of Accounts
Employees PF : A/C No.1 @ 12%
4033
Employers PF : A/C No.1 @ 3.67%
1233
Employers PF : A/C No.10 @ 8.33%
2799
Admin Charges A/C No. 2 @ 1.10%
370
EDLI Charges A/C No.21 @ 0.50%
168
Admin service charges A/C No.22 @ 0.01%
Total
3
8606
ESIC
ESI Salary
38919
Head of Accounts
Employees ESI @ 1.75%
681
Employers ESI @ 4.75%
1849
Total
2530
PF &ESI
CHEQUE TO
ACCOUNTS
Service Level Agreement (SLA)
Covers Purpose & Scope of Services
Responsibilities of RNC & The Customer.
Payment time.
Confidentiality Information.
Signatories to sign SLA from both the parties.
Authorized person for routine Contact & in case of Escalation.
Details of various reports & MIS reports to the management on regular basis.
Some of our reputed list of clients
 M/s. G.C.C Club Pvt. Ltd.
 M/s. Craft World Pvt.Ltd.
 M/s. C.S.Tubes Pvt.Ltd.
 M/s. CRP Control Panels Pvt.Ltd.
 M/s. Crystal Medicines Pvt.Ltd.
 M/s. Arya Crafts & Engineering Pvt.Ltd.
 M/s. Selvel Publicity & Consultants Pvt.Ltd.
 The Don Bosco High School

Norton Property Solutions Pvt. Ltd
Contact Us
RNC
r.n.Consultant
Office No. 10, 1st Floor,
Achalgiri, 150 Feet Road,
Near Maxus Mall, Padmavati Nagar
Bhayandar (West),
Dist. Thane – 401 101.
Tel.:- (022) 65341285 / 09833606065
E-mail : [email protected]
[email protected]
THANKS