Self Service Income Tax: Employees save more, Accounts save time

The responsibility of verifying personal and income based declarations, and calculating income tax is very cumbersome for most organizations, primarily because the interaction is personal and individualized. Income Tax payees are usually senior and middle management who are very demanding of their rights, knowing very well that good tax planning leads to direct savings. Unless automated in a self service mode, the amount of work involved for the accounts function is very high.This leads to high stress situations in the final months of the year when deductions usually go up and declarations come in at the last minute.

KServeHRMS has added an income tax module, with self service capability to its suite of products. This means that employees can give their declarations, and view their projections based on income and declarations made. KServe Payroll is integrated to the income tax module and hence recommended deductions can be posted to payroll. Actual pay and deductions are posted back to the tax module. Statutory reports related to Form 16 and Form 24 Q, with the breakup by employee can be taken out automatically. The module can be implemented individually also.

 

For more information on this module visit :

 

www.KServeHRMS.com/IndiaIncometax.html

Payroll/ PF& ESI (Benefits) processing OnDemand - Costs, Effort & Time cut drastically

Even if your company has only 20 employees, processing payroll is complex. Collection, aggregation and validation of the following is a laborious task
- Attendance
- Leave
- Employee Joining and Separation
- Employee Salary Changes
- One time payments
- Arrears
- Tax Relief impact
- Impact of Statutory Changes in the above
- Optimization in Tax

Validating it and then delivering it to
- Employees
- Benefits Providers
- Banks for payment
- Other statutory agencies

We eliminated most of this complexity by providing the following in KServe HR&Payroll OnDemand
- Hosted it on the internet in self service/ Software as a Service (SaaS) mode
- Made it affordable for even small companies to have an automated payroll with a small monthly fee
- Eliminated the need to buy infrastructure like hardware, operating systems and licensed software
- Made loading employees, salary structure and payroll loading a 2 step process using easy to use spreadsheets
- Provided direct access to all the key roles in the process i.e. the people responsible for validating all the above, even if they are in different locations
- Delivered the above in a form where it can be given directly to employees, Banks, Benefits providers and other statutory providers
- Provided a hosted HR system free along with the payroll

KServe Ondemand HR/Payroll is proven for the Indian environment with the payroll of thousands of employees already being processed.

For more information visit http://www.Kserve.net/payrollhrod.html

Check the prices out and find out how much costs, time and effort you can save compared to your current arrangement. You can register for a trial directly. This is the way payroll is going to be processed in the future and we expect the change to become a mass movement soon.

At KServe our commitment to keep delivering value to customers continues to be our motto