Functioning in an ever-changing and competitive marketplace, businesses expect more from their HR personnel than delivering accurate salary cheques on time. Modern day payroll management is a daunting task, which includes a bunch of multifaceted and critical activities like keeping proper track record of all the transactions, complicated regulations, legal formalities, and so on. Besides, owing to geographically dispersed employees, changing legislations, and manifolds back-end systems, payroll processes are time intensive and require profound domain knowledge as well as a lot of involvement for smooth working. So, payroll management often keeps HR personnel on their toes in both small as well as large organizations and also consume their time and energy, which they can devote to develop core activities like OD (Organization Development) interventions.
Payroll administration services can help companies to make sure seamless operations, integrate advanced technologies, and stay complaint. Companies, thus, are looking for cohorts to take complete ownership of the payroll function and enable their HR departments to sternly emphasize on different strategies as well as employee development programs. Moreover, enterprises are also looking for expert help from best payroll service providers to augment process efficacy, so that they can stringently work on enhancing their bottom lines rather than spending so much time and effort in streamlining transactional processes.
This has changed the intact landscape of Payroll Service in India. There is an apparent move towards technologically advanced platform-based payroll solutions. Megasoft Solutions, being a leading name in Payroll Services in India, excels in offering best-in-class solutions based on a robust, advanced, and self-developed HRMS platform.
We, at Megasoft, with our end-to-end payroll services and advanced technology platform, keep more than 10 million employees pleased per month across the world, by providing error-free salary cheques on or before time. Through our sturdy processes, employee query support, exhaustive reports and analytics, we trek extra mile merely to keep our precious clients and their employees happy.
Furthermore, as one of the leading payroll service providers in India, we offer top-class solutions that not only streamline organizations’ payroll processes but also capture critical business intelligence about their workforce.
We provide a tech-friendly employee support framework by a combination of three mediums :
Employee Helpdesk : A dedicated number, where employees can call on with any query related to payroll or tax advisory services.
Web-Based Employee Self-Service : An employee-friendly platform, where any employee can easily log on to view and download his/her monthly pay slips and form 16 as well as check out his/her other details like investment declaration, flexi benefits planner, tax calculator, business reimbursements, and investment details for availing income tax exemptions.
Email Service : Employees can also get their queries resolved through emails. We provide a dedicated email-id for this purpose with assured resolution of queries within the pre-defined SLAs.
Payroll Administration & Processing : Our end-to-end payroll administration and processing offering covers the entire gamut of transactional activities and statutory compliances as per employee location(s).
Investment Declaration Processing : We facilitate our esteemed clients to take care of the investment declaration process through a robust technology platform that operates the complete process.
Reimbursements Processing : We provide a dedicated platform for employees to claim their reimbursements and check the related status.
Tax Calculation : We always stay updated with the recent changes in policies (if any) and take care of income tax calculations for our respected clients in accordance with India’s Income Tax laws.
Income Tax Returns Preparation : We help our clients in income tax returns preparation by providing statutory reports like Form 16, Form 24Q (e-filing), and Form 27A.
Statutory Reports & Registers : We always try to keep our clients free from any legal or statutory liability by assisting them in computation of benefits and providing statutory reports.
Retrospective Processing : We can handle retrospective computation of changes to various data heads, computing accurately, and making payments in the current period.
We assist companies in leveraging the functionality of efficient ERP systems without investing or bearing recurring costs on hardware as well as software. Managing payroll though a comprehensive and world-class technology platform, we make sure the best payroll service experience for our clients spread across the world.
- 10 Million Salary processed per month with 99.9% accuracy and 100% SLA adherence
- 100% TAT ensured for Payroll delivery till date
- Web and Telephone Helpdesk Support for handling Employee Queries
- Extremely efficient processes with a strong project governance plan
- Successfully assessed on SSAE16, TYPE-II
- PAN India Coverage
- Comprehensive Reports & Analytics to meet Statutory & Audit requirements of Clients
- Self-developed Platform – Quick Change Adoption