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Do you follow the Government Norms? How do you manage your employees? What is TDS? Are you aware about Professional Tax Deductions? What is PF & how is it calculated? ESI - Employee State Insurance How do you capture attendance & manage leaves? How do you process your Payroll ? What is an Ideal Pay Slip Questionnaire
Do you follow Government Norms, Rules, Regulations & Relaxations Salary • Compensation - Regular, Over Time, Night Shift, Holidays, Rest Days, Weekends, Public Holidays • Allowances - HRA, CA, Bonus • Deductions - TDS, PF, ESI, Loans Carrier Tips Role & Pay, Fresher Pay & Women Pay Check Forms eTDS and Forms - 3A, 13, 16, 19 & 26Q Labour Law • Comply with Labour Laws • Annual Leaves & Holidays • Work & Wages • Health & Safety
Onboarding New Employees – Create / Import / Invite Employee Directory / View Employee Create Compensation, History Employee Self-Service Add Consultants - Track Payments Track Employee Expenses HR Requests by Employees Track Loans & Advances Attendance - Biometrics, Import Attendance Project Management Time Sheets Holidays Leave Management How do you manage your employees? HR Management
What is TDS? TDS or Tax Deducted at Source, is a means of indirect tax collection by Indian authorities according to the Income Tax Act, 1961. TDS is managed by the Central Board of Direct Taxes (CBDT), which comes under the Indian Revenue Services (IRS). Every salaried person has to pay a certain sum of their salary amount as a tax to the country. Why is TDS collected? TDS is collected as a means to keep a stable revenue source for the government throughout the year while desisting people from avoiding taxes. The various deductions sections such as Section 80D, section 80DD, Section 80C and much more between Section 80 C of section 80U which provides deductions on various investments such as life insurance policies, Provident Funds, etc. Salary includes your Gross salary, Provident Fund, Insurance, Leave pay, Employee State Insurance and Labour Welfare Fund.
Are you aware of Professional Tax Deductions? What is Professional Tax? PT is a tax which is levied by the State on the Income earned by the way of profession, trade, calling or employment. This tax is levied based on slab rates depending on the Income of individual. This tax is just like Income Tax except for the fact that Income tax is collected by Central Govt and Professional tax is collected by the State Government. Any amount paid as Professional Tax is allowed as a deduction. As the states have been empowered to levy and collect this tax, different states have different Professional Tax with different Slab Rates, for Andhra Pradesh it is....
Employee Count Less than 20 The contribution paid by the employer is 12% of basic wages plus dearness allowance plus retaining allowance. An equal contribution is payable by the employee also. In the case of establishments which employ less than 20 employees or meet certain other conditions, as per the EPFO rules, the contribution rate for both employee and the employer is limited to 10 percent. New Rule Statement The finance minister presenting the Budget 2018 announced that to incentivize employment of more women in the formal sector and to enable higher take-home wages, amendments in the Employees Provident Fund and Miscellaneous Provisions Act, 1952 will be made to reduce women employees' contribution to 8% for first three years of their employment against existing rate of 12% or 10% with no change in employers' contribution. Further, the Government of India will now contribute the Employer‘s full admissible contribution for the first three years from the date of registration of the new employee for all the sectors including existing beneficiaries for their remaining period of three years. What is Provident Fund? Employees’ Provident Fund is a small saving scheme that is offered to Indian workers as well as international workers through the EPFO of India. The scheme allows accumulation of funds as well as accrual of interest on the accumulated funds. The funds thus collected are made of contributions partly from employees and partly from their employers. How is it calculated? Minimum Salary Limits Employees with Basic less than or equal to INR 15,000 have to contribute mandatorily towards EPF. PF amount is calculated for the basic amount. PF will be calculated as 12% of the basic.
ESI - Employee State Insurance Employees’ State Insurance Act, 1948 (ESI Act) is a social security legislation aimed at providing benefits to employees in case of sickness, maternity, employment injury and certain other related matters. Under this self-financing health insurance scheme, funds are primarily built out of contribution from employers and employees. ESI fund, maintained by ESIC, is applicable to employees earning INR 21,000 or less per month to provide the cash and medical benefits to them and their families. This fund is a contributory fund in which both the employer and employee contribute 4.75% and 1.75% respectively to make it a total of 6.5%. For ESI calculation, the salary comprises of all the monthly payable amounts such as basic pay, dearness allowance, city compensatory allowance, HRA, incentive allowance and meal allowance. The salary, however, does not include the annual bonus, retrenchment compensation, encashment of leave and gratuity. ESI will be calculated for the total gross salary of the employee. ESI will be calculated for INR 21,000 of the gross salary. If Gross is above INR 21,000 ESI will be constant. Employee Contribution: 1.75 % Employer Contribution: 4.75 %
How do you Capture Attendance & Manage Leaves? Still using a spreadsheet? Marking leaves on a register? Using a calculator? Accepting Leave Letters? Processing Manually? Sumo Payroll - Solutions Employee Self Service Timesheets (Project & Department Based) Biometrics Integration Attendance Import Review & Edit Attendance Leave Management Reset Leaves Leave Requests Leave Encashment Calculate LOP
Are you still using Excel or Manual calculations to process your salaries? Here is a complete solution to run your payroll How do you process your Payroll ? Payroll Processing • Integrate Attendance • Track Time & Attendance, Leaves • OR Import data from your Biometric System • Run Multiple Batches, locations • Manage Compensation Types • Allowances (HRA, CA, OT, Bonus) • Deductions (TDS, PF, ESI, Loans) • Employee IT Savings • Full & Final Settlements • Post-Payroll Checklist • Payroll Reports (Cash / Bank, TDS, PF, ESI) • Generate Payslips • Release & Notify Payroll Deposits • Direct Deposits also available
What is an Ideal Payslip? • Online Payslips • PDFs Downloadable • Employee Self-Serve - Employees can be provided their own access to payslips and their payroll information. • Payslips – Provides Information! • Detailed Calculations - Arrive at Take Home • Year To Date Number (YTD) • Vacation Balances • Savings Details • Gross and Net amounts
BANK DIRECT DEPOSITS • With Sumo Payroll, we will deposit your employee net salaries directly into their accounts. • Employees can be with any bank of their choice. • No need to have employees with the same bank as you are on. • No need for you to be on a specific bank as well. • Hassle Free Process • Highly Safe & Secure Payments • Fully Automated • Preview & Confirm • Error Free • Transparent with complete reporting available. • Direct Deposit is offered as a service with additional fee. • For more details on pricing and how this works, please talk to us.
Payroll Outsourcing Services • Sumo Payroll Outsourcing Services • If you want us to do your Payroll every month, we have a service for that. See our Pricing Page or Contact us for more details. • Payroll On Going Services • TDS Audits • EPF Audits • Statutory Compliance Consulting • Year-End Forms (Forms 16, 16a, 19, 5, 3a, 13 & 26q) • Help with Filing Services for TDS, EPF, ESI
Security – How Safe is My Data & It’s Integrity? • Data Encryption - 256 Bit Data Encryption • Super User, Admin & Employee Self Login - Creates History • Every update is captured in the activity log to know who has updated what records - Eliminates employee fraud by providing access history and audit trails. • Failover & snapshots to recover the data • Powered by Amazon AWS - Amazon Cloud with all the best practices
Flexibility - Ease of Use, On Cloud • Just Sign up - It’s Free No Credit / Debit card is required. • BTW - Did we mention that this is FREE for companies less than 10 employees? • Visit our Pricing Page. • KYC - Upload necessary KYC documents. • Your account will be activated. • 100% On Cloud - So, no installation required. All you need is internet and you are ready to get started in less than 5 minutes. • Signup with Google / Linkedin or Email • Access Anywhere
Compatibility – Migration & Data Import / Export • Switch to us • Easy to migrate from your current payroll process • We will provide complete support for a easy transition. • Our expert Payroll Advisors can help you migrate to Sumo Payroll with ease. • Employee Data • Import Employees with complete profiles yourselves if you prefer • New Employee Onboarding is very easy for employees to onboard themselves • Attendance • Do you use a Biometric system to track time. Sumo Payroll can import attendance from Biometric Data • Import Year to Date (YTD) Information into the Payroll • If you are moving to Sumo Payroll in the middle of the Fiscal Year, we can help you import your YTD numbers for your employees and the company.
Pricing • FREE! For all startups • Any startup or company with less than 10 employees, it is Free. • SaaS - Monthly or Yearly Subscription • Starts at INR 1299/Month • Get 20% Discount on Annual Plans • Dedicated Private Cloud Hosting • If you want your own hosted version, talk to us. • You will get your own dedicated private hosting of our service. • White labeling available as well. • Additional Services: • Direct Deposit Service is extra • Payroll Outsourcing is an add-on service. Talk to us for more details.
Talk to us Contact us: • Mon to Fri 10am to 7pm • Sat 10am to 3pm • E Mail support@sumopayroll.com • Call (+91) 9121007566 • Forums • On Going & On Boarding Services Why Trust us? • Reliable Product • Feature Rich Consistency • Free Product Updates, Information & Training
India’s Fastest Growing HR & Payroll Solution on Cloud You focus on your core business. We will handle your payroll. Thank You !!! FREE SIGNUP: https://app.sumopayroll.com/signup