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PAYROLL COMPLIANCES
At ASK, our Indirect Taxation Services are designed to navigate the complexities of indirect taxes efficiently and effectively. We offer comprehensive solutions tailored to ensure compliance and optimize indirect tax strategies.
PT/PF/ESI Registration
Professional Tax is a state-level tax imposed by various state governments in India on salaried individuals, professionals, and businesses. PT registration is mandatory for employers to deduct professional tax from employees' salaries and deposit it with the state government. Employers need to register themselves with the respective State Tax Department and obtain a Professional Tax Registration Certificate. Once registered, employers are responsible for deducting professional tax from employees' salaries based on predetermined slabs and remitting the collected tax to the government.
Monthly tax payment and filings
Monthly tax payments and filings involve essential financial obligations that individuals and businesses fulfill regularly. This includes paying income tax, GST liabilities, professional tax deductions, employee-related contributions like PF and ESI, along with TDS deductions and deposits. Compliance with these monthly obligations is crucial for meeting statutory requirements, avoiding penalties, and ensuring smooth business operations while maintaining accurate financial records.
HR & Payroll support
HR and payroll support involve managing employee-related functions like recruitment, onboarding, records maintenance, and benefits administration. This encompasses payroll processing, ensuring accurate salary calculations, deductions, and compliance with legal requirements. Additionally, it involves employee relations, handling grievances, and fostering a positive work environment. HR and payroll support also include training initiatives and maintaining HRIS systems for efficient data management, contributing to organizational success and workforce efficiency.
Generation of Form 16/16A
Form 16 and Form 16A are TDS certificates issued annually to employees and non-salaried individuals, respectively. Form 16 provides details of salary, tax deductions, and net tax payable by employees, while Form 16A reflects TDS deductions made on payments other than salaries, such as contractors or freelancers. These forms are crucial for taxpayers to accurately file their income tax returns, showing proof of TDS deductions.
At ASK, our commitment to providing comprehensive indirect taxation services reflects our dedication to helping our clients navigate the intricacies of indirect taxes while ensuring compliance and optimizing tax efficiencies.
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