A company’s payroll is the list of employees of that company that are entitled to receive pay and the amounts that each should receive. Along with the amounts that each employee should receive for time worked or tasks performed, payroll can also refer to a company’s records of payments that were previously made to employees, including salaries and wages, bonuses and withheld taxes, or the company’s department that calculates and pays out these amounts. One way that payroll can be handled is in-house. This means that a company handles all aspects of the payroll process on its own, including timesheets, calculating wages, producing pay checks, sending the ACH, or Automated Clearing House, for any direct deposits, and remitting any tax payments necessary Payroll can also be outsourced to a full-service payroll processing company. When a company chooses to outsource their payroll, timesheets, wage calculations, creating pay checks, direct deposits, and tax payments can be handled all, or in part, by the payroll company. Corpansh is the one of the best payroll vendors which offers complete payroll outsourcing services in India. We provide payroll services to small businesses as well as medium and large organisations. With each passing day, more and more companies are turning to outsourcing payroll work We take care of your payroll compliance obligations such as the Provident Fund (PF), Employee State Insurance (ESI), Professional Tax and Labour Welfare Fund. Our operational specialists help understanding all the intricacies involved in the full and final settlement process.
We manage everything from:

Calculating payable days

Leave encashment days/Notice period recovery

Investment proofs and reimbursement claims during final settlements

Other payments/deductions

Consolidated reports on net payable/recoverable, final tax workings, journal voucher etc.