Hi,
I have started my own recruitment firm and want to know How can I have my own payroll for my company as i\'m a starter in recruitment field.As many companies want contract employee so i can keep them on my payroll.Please let me know the procedure.
Regards,
Rahul
From India, Bangalore
I have started my own recruitment firm and want to know How can I have my own payroll for my company as i\'m a starter in recruitment field.As many companies want contract employee so i can keep them on my payroll.Please let me know the procedure.
Regards,
Rahul
From India, Bangalore
The simplest and cost effective means can be defining CTC calculation of your firm in Excel sheet.
You can divide the CTC components in monthly (Basic, HRA, Conveyance, Special Allowance) and annual (Bonus, PF, LTA, Medical) payments. You can check related formulas and Income tax liabilities before deciding on same.
Once you place out formulas you just have to enter CTC and it will be automatically calculated.
In payroll you also have to make an account for leaves - Sick, Casual and Privileged. If you want you can keep an eye on in-time and out-time.
From India, Gurgaon
22You can divide the CTC components in monthly (Basic, HRA, Conveyance, Special Allowance) and annual (Bonus, PF, LTA, Medical) payments. You can check related formulas and Income tax liabilities before deciding on same.
Once you place out formulas you just have to enter CTC and it will be automatically calculated.
In payroll you also have to make an account for leaves - Sick, Casual and Privileged. If you want you can keep an eye on in-time and out-time.
From India, Gurgaon
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