Interim Budget 2024 Key Highlights: read more

Insights

Indirect Tax Advisory

Payroll Service & Compliances

March 26, 2024

At MBG Corporate Services, we provide flexible payroll solutions that help to simplify your payroll needs and improve efficiency in managing routine complex and time- consuming processes. Streamlined and error-free payroll processes can do more for you. It can help you unlock business insights, steer your business evolution, reduce costs and mitigates compliance risk.

At an organization level, outsourcing payroll processes merit exclusive consideration. It requires standardized approach to build, manage and implement payroll tax related operations and processes. Recent scenarios indicate that increasing number of enterprises in an Indian market are also inclined towards outsourcing their payroll functions at large.

About MBG’s Payroll Processing Services

With 21+ years of experience delivering payroll outsourcing services and being present across the globe, MBG has significantly contributed in simplifying complex business structures with its Automation processes for payroll operations.

We provide a global payroll solution that provides One-shop-stop framework that can be scaled with your business needs.

We manage the complexities and day-to-day tasks of payroll, so you can focus on running your business.

By ensuring greater accuracy and seamless integration, our cloud-based Payroll Software also delivers insights to help you make more informed decisions.

Our integrated platform, powered with developing technologies such as RPA, artificial intelligence, machine learning, and advanced analytics, allows you to automate payroll processing, assists in payroll outsourcing, and provides self-service payroll management tools for your employees.

Payroll Specialists at MBG supports clients’ payroll as a organized service from payroll record collection, preparation or downloading of statutory files & forms and synchronizing all payroll information to statutory reporting, payment preparation and employee disclosures & correspondence.

MBG’s Payroll Service Offerings

PMS-Payroll Management System

  • Automated salary calculation and preparation of bank Transfer Sheet;
  • Arrear, Increments, Bonus & Gratuity Computations & Management;
  • Income tax planner and submission of online tax declaration;
  • Facility to view & download pay-slips & Form-16;
  • Online approvals for leaves & expense claims;
  • Full & Final Settlement;
  • Over Time Management Facility;
  • Loans & Advance Management facility
  • Data integration with ERP & data processing for TDS filings

CMS-Compliance Management System

  • We will keep your business compliant with following laws applicable under Payroll procedures:
  1. Provident Funds (PF) & Employee State Insurance (ESI);
  2. Professional Tax (PT);
  3. Tax Deducted at Source (TDS ON Salary, allowances & Perquisites);
  4. Labor Welfare Funds (LWF), and;
  5. Any other payroll laws applicable to your business

HRMS-Human Resource Management System

  • Attendance Management
  • Employee Database Management
  • Leave Management
  • Creation / Publish / circulation of HR policies
  • Instant generation of appointment, joining, appraisal, and relieving letters
  • Facility for Recruitment Module

ESS-Employee Self Service Module

  • Online Access of ESS module through unique Login ID’s;
  • Transparent hierarchy and organizational flow charts & approval management;
  • Activated features for personal profile management of Employee;
  • Easy & quick filing of online forms for reimbursement, travel and other approvals;
  • Attendance punching & management through desktops & system applications;
  • Easy access to the management policies in a secured environment;
  • Instant tax declarations, leave management, uploading of investment proofs ;
  • Multiple reporting dashboard for managing quick & easy communication channel

Value added services by MBG

Our team can work directly with various Statutory Authorities on your behalf, register your entity for compliances and also offer Consultancy / advisory services

Our professional team of experts make sure that all Income Tax deductions, exemptions & computations are done as per latest applicable Laws and file compliance reports on with various Statutory portals

Seamless integration with leading accounting software's. So, your data across various applications remains synchronized for high level automation.

We provide One-shop-stop solution for payroll related documentation & compliances in relation to the process of attendance, recruitment, employee onboarding, exit, performance appraisal, training & development etc. Basically MBG automates everything required that you will ever need for your smooth payroll procedures.

To align the above for different scales of business enterprises and considering the needs & requirements of diversified business Set-up’s the above modules are divided into following packages:

Silver Plan - For PMS & ESS Module Only

Gold Plan - For PMS, CMS ESS Module Only

Platinum Plan - For Comprehensive coverage of all modules including PMS, CMS, HRMS & ESS Module

Get in touch:

Our Payroll processing program is designed to deliver business specific needs.

Speak to us to find out more about our offerings and to see whether this may be right for your business.


What can we help you achieve?

Stay one step ahead in a rapidly changing world and build a sustainable future with us.

Get a quote
Open chat
Hello ?
Can we help you?