Though the expenses on labour could be the biggest expense of any business, processing the salary and statutory deductions correctly is crucial for the long-term growth and expansion of the business.
Payroll can be defined as the process of computing the salary, which includes calculating the earnings of the employee and making statutorily allowed deductions from the earnings. The largest overhead expenses of the business are statutory deductions made from employees, as well as employer contributions due to be paid with authority.
CWTPL also provides Payroll Compliance services, ensuring that contributions are remitted to the appropriate authorities on a monthly basis with no gaps in time or accuracy.
Our services are our efforts to ensure the timely remittance of ESI, EPF, and PT payments of our clients or their contractors/sub-contractors through automated processes month after month in order to eliminate stress.
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