Payroll Processing
Monthly payroll — salary computation, payslips, PF, ESI, professional tax and TDS deductions, deposits and year-end Form 16.
- Estimate Cost
- ₹2,000 – ₹20,000
- Typical duration
- 5 days
Service overview
Calculating and processing employee salaries every month, including statutory deductions for PF, ESI, professional tax and income tax (TDS), issuing payslips, depositing dues on time and preparing year-end tax documents for employees.
Who needs it? / When is it needed?
- Employers of any size without a payroll team
- Growing businesses moving from manual salary sheets to structured payroll
- Employers crossing PF or ESI thresholds
What to expect from the WCP Professionals
- Salary structure review and payroll set-up
- Monthly salary computation with attendance, leave and variable pay inputs
- PF, ESI, professional tax and TDS deductions at current rates
- Payslips and bank salary-transfer file
- Statutory deposits and returns: PF ECR, ESI, professional tax and quarterly TDS (Form 24Q)
- Year-end Form 16 and full-and-final settlements
Key deliverables
- Monthly payroll register and payslips
- Bank transfer file for salaries
- Statutory challans and returns
- Form 16 for employees at year end
- Full-and-final settlement computations
Standard turnaround time
- Monthly: payroll processed within 2–5 working days of receiving attendance and inputs
- Initial set-up: 1–2 weeks
Government fees, timelines & key outcomes
No government fee for payroll processing.
Statutory deposits are paid by the employer: PF and ESI by the 15th of the following month, TDS by the 7th, and professional tax as the State prescribes; late deposits attract interest and penalties.
Key outcomes: accurate, on-time salaries with every statutory deduction deposited and reported.
Forms & filings involved
- PF Electronic Challan-cum-Return (ECR)
- ESI monthly contribution
- Professional tax returns, where the State levies it
- TDS return in Form 24Q and Form 16 certificates
Documents required
- Employee master data — PAN, Aadhaar, bank details, salary structure
- Monthly attendance, leave and variable pay inputs
- Employees' investment declarations and proofs for TDS
- PF, ESI and PT registration details
What we need from you
- Attendance and payroll inputs by an agreed cut-off date each month
- Approval of the payroll before salaries are released
- Timely information on joiners, leavers and salary changes
Important conditions
TDS is computed on the regime each employee chooses and the declarations they make; incorrect declarations shift the liability to the employee at filing.
The employer remains responsible for depositing statutory dues on time.
Additional information
Payroll can be run on your HR software or the professional's payroll tool, with employee self-service for payslips where available.
The new labour codes change the definition of wages and may affect PF and gratuity computations; structures are reviewed as the codes take effect.
The estimated cost covers indicative professional fees only. Government fees, stamp duty and taxes are payable at actuals.
How it works
- 1. Raise a service enquiry describing your requirement.
- 2. A Relationship Manager reviews it and opens it for bidding.
- 3. Pay into escrow and assign the professional you select.
- 4. Track progress to completion, then accept and release payment.
Frequently asked questions
What deductions are made in payroll?
PF, ESI where applicable, professional tax in States that levy it, and TDS on salary under the employee's chosen tax regime.
When must PF and ESI be deposited?
By the 15th of the following month.
When is Form 16 issued?
By 15 June after the end of the financial year, based on the TDS deposited and reported in Form 24Q.
Can payroll be outsourced for a small team?
Yes. Even a handful of employees can be processed monthly with full statutory compliance.