CTC, also known as cost to company, is the total cost of monetary and non-monetary benefits borne by an employer on an employee over the course of a year.

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Online Payroll Management

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Why zolvit

Payroll Management System Online

Q: How will my payroll be processed at Zolvit?

Payroll processing at Zolvit is divided into three stages: pre-payroll, actual payroll, and post-payroll. In general, the payroll period runs from the 1st to the 30th/31st of each month. As a result, we will collect data at least 5 days before the end of the month (i.e., by 26).

Q: Will my HR data remain confidential ?

Zolvit’s payroll system is highly secure and ensures the protection of your company's data and employee information. We do not compromise the security of bank account numbers, addresses, pay rates, and other details required to process payroll and tax forms because we have a strong security system in place.

Q: I only have a few employees. Is my company too small to outsource payroll?

We provide payroll services for enterprises of all sizes, from one to hundreds of employees, at Zolvit. We can build a payroll solution particularly for you at an affordable price, regardless of the size of your organization. You only pay for what you require and have the freedom to change as your business grows.

Q: What are some of the employee benefits and perks provided by employers/companies?

Medical reimbursements, health insurance, paid vacations, leave encashment programmes, wellness programme funding, and other typical perks are provided by employers. However, the statutory benefits mandated by law are earned leaves; social security benefits such as ESI, PF, pensions, group insurance policies, maternity benefits; gratuity payout, and so on. These advantages vary based on the sort of firm and the state in which it is located.

Upgrade yourself to the amazing online payroll management system from Vakilsearch, Say goodbye to the hassle of manual payroll management!

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Here’s How It Works

Ready to get started? Zolvit has your back.

1
Connect with a Zolvit expert
2
Get all your HR and payroll related specific queries answered
3
Provide all the required documents
4
Our experts will manage the payroll
5
We Will provide full support on maintaining the payroll

Excellent service and support. Vakil Search Team is very supportive and professional. I Really appreciate the service and support from the team.

Rachna Pathania

Founder & CEO of SchnellTek Software Pvt. Ltd.

Zolvit has been our legal service provider for quite a long time! Our experience with them has been great, especially the speed and proficiency with which they deliver their services. We recommend them!

Satya Vasireddy & Sravani Vasireddy

Founders of Lovely Chocos

Zolvit is exactly what it does. Legal is simple. We went to Zolvit to register our Trademark during the lockdown and everything was done online with ease. We never even had to step out of the house. It was truly a digital experience.

Adarsh Agarwal

CEO & Developer of Golghar.com

Why Should I Use Zolvit for Payroll Management?

New Company
We Register a New Company Every 9 Minutes
50,000+
Businesses Served by Zolvit
Financial Services
All Financial Services in One Place
Quick & Affordable
Nominal rates, great turnaround time
Satisfaction
100% satisfaction guaranteed

Enhance HR efficiency in your organization through tailor-made payroll service technology . Affordable pricing and end-to-end support. These benefits just scratch the surface of what Zolvit has to offer.

Did you know?

Basic salary, also known as basic pay, is the first and most important component of your salary structure, and many other salary components, such as HRA, Provident Fund, Gratuity, ESIC, and so on, are calculated as a percentage of basic pay. For example, a provident fund of 12% of basic pay is deducted from salary.

Variable pay, also known as pay for performance or risk pay, is a type of remuneration that must be earned every time, as opposed to fixed pay. Variable pay is not guaranteed and is only paid if specific qualitative or quantitative goals are met by individual employees, teams, or the organization.

An Overview of Online Payroll Management

Managing accounting, payroll, tax, and other financial responsibilities is time-consuming and complicated, especially if your company is new. As a result, by outsourcing the payroll process, you can save time and money; ensure accuracy in calculation and deductions; and receive expert advice from payroll specialists, accounting and financial professionals, and others.

Our accounting professionals and payroll specialists unite to calculate and manage your company's payroll by providing customized solutions for all sizes of enterprises, dedicated accountants and tax specialists with cutting-edge payroll software to make payroll management and compliance a breeze for you. Everything from employee remuneration to PF payments is completed in accordance with your company's payroll cycle. Our legal professionals will also handle labor compliances such as EPF registration, TDS returns, IT returns, and so on.

Benefits of Online Payroll Management

Improve employee morale

Reduced tax bills

Simplified tax filing and reporting

Benefits new startup owners

Economical and time-saving

Checklist for Online Payroll Management

Company documents, such as certificate of registration, electronic challan cum return (ECR) document, company GST and TIN.

Payment schedule, whether it is a flexible or fixed schedule, calculated weekly, bi-weekly, semi-monthly or Monthly.

Classification of employees on the basis of whether they are contractors, freelancers, permanent employees, interns

Terms of Compensation

Employee hours

Office timings and overtime, etc.

Why Zolvit? - What you Get With a Online Payroll Management Tool from Zolvit

Step 1: Designing of CTC Structure
CTC, or cost to the company, is the complete remuneration package paid to an employee directly or indirectly by the firm. CTC includes base salary, allowances, reimbursements, gratuity, yearly bonus, annual variable pay, and other benefits. CTC is defined as Gross Salary + PF + Gratuity.
Step 2: Labor Compliance
Zolvit’s legal specialists identify the labor compliance that applies to your company and provide you with the appropriate counsel. We also ensure that all necessary labor compliance filings are completed on time.
Step 3: Tax Planning for Employees
Tax planning is vital for salaried folks since it allows them to save money on taxes. Our taxation specialists can provide the best advice on tax savings in accordance with the current amendments and laws based on company structure, employee designations, and compensation components.
Step 4: TDS Deduction and TDS Compliance
The Income Tax Act requires every earning individual or corporation that makes payments such as salary, commission, interest, and so on to subtract a percentage before paying the whole amount. TDS stands for tax deducted at source.
Step 5: Reimbursement Facilitation
From claim reporting through reimbursements, Zolvit's competent professional assistance enforces your company's reimbursement rules. If you wish to include reimbursement in your workers' compensation, we can even create the salary structure so that all tax compliances are met.
Step 6: Drafting of Employment Agreements
An employment agreement specifies the terms of employment as well as the rights, duties, and obligations of both parties during the work period. Employment contracts for consultants, freelancers, part-time, full-time, and contractual workers can be outsourced to Zolvit's legal documentation professionals.
Step 7: Drafting of Your HR Policy
HR guidelines may contain the employee code of conduct, their tasks and obligations, the firm's commitment to the workers, discrimination policies, what activities the company considers objectionable, employee perks, disciplinary procedures, and so on.
Based on our considerable expertise and learnings from working in so many various industries and sectors, our specialists will provide you with the most appropriate policies for your industry.
Step 8: Drafting of Leave Policy
Leave policies are governed by the Shops and Establishments Act and the Factories Act, if applicable. In general, all state laws have a basic clause that provides seven holidays for national days and festivals. As a result, the amount of additional leaves is your choice, and our attorneys will assist you in framing it better.
Step 9: Planning Increments and Appraisals for Employees
Performance evaluations and wage increases encourage your personnel to perform to the best of their ability. Appraisals provide them detailed, honest comments on their strengths and areas for growth. We can help you plan how to assign increments and appraisals to your personnel.

FAQ's

What is CTC?

How will my payroll be processed at Zolvit?

Will my HR data remain confidential ?

I only have a few employees. Is my company too small to outsource payroll?

What are some of the employee benefits and perks provided by employers/companies?