We will help you set up your entire payroll process at the best prices in the industry.
Payroll processes help in maintaining financial records of employees such as net salary payable, tax deductions, provident fund, employee state insurance, gratuity, etc. Effective payroll systems make it possible to pay employees on a timely basis thereby increasing employee morale and positively reflecting on the company’s financial position.
Payroll is an integral function for any organization. For start-ups & small businesses, setting up a Payroll system can take a lot of time & energy of the founding team. As a result, the founding team finds it difficult to focus on more important areas such as product development, customer satisfaction & marketing. Also, Payroll functions if not handled properly can become a very complicated & time-consuming process. Since, there are various statutory requirements surrounding payment to employees, it is better for entities to outsource this function to an expert entity like ours.
Small businesses, start-ups as well as Large MNC’s can outsource their payroll processing to ICI thereby focusing on growing their business rather than solving complicated labour laws & miniscule payroll issues.
Payroll contains a list of employees who are paid by the company. If employees are not paid on time or are paid inaccurately then it can have a serious toll on the morale of employees thereby affecting their productivity. Also, it is important to adhere to various labour laws such as Profession tax (PT) , Provident Fund (PF) , Employees state insurance corporation ESIC), TDS on salary paid to employees etc. Non-compliance with these laws can lead to legal consequences on the businesses.
Secretarial & Compliance
Income / Corporate Tax
GST / CESS