Seamless Payroll. Complete Compliance.
Payroll management is not just about processing salaries. It involves accuracy, compliance with statutory regulations, and proper financial reporting. Managing payroll internally can be time-consuming and complex, especially with evolving tax and labour laws.
At TKMS, we offer reliable Payroll Outsourcing Services in Chennai designed to simplify payroll operations while ensuring full compliance with statutory requirements. Our services cover the entire payroll lifecycle, from salary structuring and processing to tax compliance and reporting.
As a trusted Accounting Firm in Chennai and experienced Audit Firm in Chennai, we combine regulatory expertise with efficient processes to deliver payroll solutions that are accurate, compliant, and timely. Our approach allows businesses to focus on core operations while we manage payroll responsibilities with precision.
Our Payroll Services Include
Payroll Structuring & Processing
- Structuring employee compensation based on Cost to Company (CTC)
- Calculation of net salary including adjustments for Loss of Pay (LOP)
- Processing of salaries, reimbursements, incentives, and arrears
- Issuance of monthly payslips and handling full and final settlements
Tax Management
- Verification of employee tax declarations and exemptions
- Computation of tax liabilities and deductions from salaries
- Timely payment of Tax Deducted at Source (TDS)
- Filing of quarterly TDS returns (Form 24Q)
- Issuance of Form 16 for employees
Compliance with Statutory Authorities
- Provident Fund (PF) payments and return filings
- Employee State Insurance (ESI) payments and compliance filings
- Professional Tax (PT) and Labour Welfare Fund (LWF) compliance
- Maintenance of statutory challans and compliance records
Data Management & Advisory
- Maintenance of payroll and tax records in prescribed formats
- Preparation of payroll reports for audits and internal reviews
- Advisory on tax deductions and exemptions to optimise employee take-home
- Ongoing compliance support under labour and tax regulations