FINSMART SERVICES
PAYROLL SERVICES
Effortless Payroll Outsourcing – Accurate, Compliant, and Stress-free tailored to your business needs. Introduction
Managing payroll involves more than just processing salaries—it requires compliance with statutory regulations, tax optimization, leave management, and seamless employee onboarding & exit processes. Errors or delays in payroll can lead to penalties, employee dissatisfaction, and unnecessary administrative burdens.
With Finsmart’s Payroll Outsourcing Services, you get a comprehensive and fully managed payroll solution that ensures accurate payroll processing, compliance adherence, and seamless HR coordination—allowing you to focus on what you do best: growing your business.
SCOPE OF WORK
1. Monthly Payroll Processing – Timely and accurate salary disbursement.2. Leave & Attendance Management – Tracking employee leaves and integrating with payroll calculations.3. Statutory Compliance (PF, ESIC, PT, LWF, TDS, and More) – Ensuring adherence to local labor laws and payroll tax regulations.4. Payroll Tax Filing & e-TDS Returns – Managing tax deductions and submitting regulatory filings.5. Payslip & Tax Report Generation – Structured and transparent salary breakdowns.6. Form-16 Issuance & Annual Investment Verification – Ensuring employees meet tax-saving compliance requirements.7. With Finsmart’s Payroll Outsourcing Services, your business gains accuracy, efficiency, and compliance assurance, freeing you from payroll complexities so you can focus on growth.Let’s connect to plan your requirement.
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BENEFITS OF OUTSOURCING PAYROLL
Effortless Accounting, Maximum Growth
CTC Restructuring for Maximum Tax Savings
Optimize employee compensation structures to maximize take-home pay while ensuring compliance.
HR Documentation & Letter Generation
Assistance with all types of HR-related letters, including appointment letters, experience certificates, and compliance-related documents.
Advanced Payroll Technology
Clients benefit from our investment in cutting-edge payroll software for error-free processing and real-time reporting.
Statutory Compliance Partner
Guidance on ensuring compliance with ESIC, PT, PF, LWF, PAN, TAN, and other payroll regulations.
End-to-End Payroll Management
From employee onboarding to exit, salary processing, compliance, and financial reporting—all handled under one roof.
Zero Infrastructure Investment
With payroll managed offsite, clients eliminate the need for additional in-house payroll infrastructure or personnel.
ON BOARDING PROCESS – PAYROLL
HOW TO GET STARTED
Payroll Structure & Scope Definition:
Understand payroll structure, employee policies, and compliance requirements.
Payroll Data Collection & System Setup:
Gather employee details, salary structures, tax declarations, and integrate payroll software.
Statutory Compliance Registration & Configuration:
Set up EPF, ESIC, PT, LWF, TDS, and other payroll-related statutory filings.
Payroll Process Implementation
Define payroll cycles, salary disbursement schedules, and approval workflows.
Employee Payslip & Reporting Framework
Configure payslip formats, tax reports, and payroll MIS dashboards.
Testing & Validation
Conduct trial payroll runs, validate calculations, and ensure compliance accuracy.
Go-Live & Ongoing Payroll Management
Process live payroll, manage compliance filings, and provide continuous payroll support.
FINSMART CASE STUDIES
Indian Corporate Solutions
India Entry Strategy
Our India Entry Services provide end-to-end support for company incorporation, tax registrations, compliance, and operational setup, ensuring a seamless transition into the Indian business environment. Whether you need regulatory approvals, payroll setup, or virtual office support, we streamline the entire process so you can focus on your expansion strategy. Our team ensures that your business is fully compliant with local laws, minimizing risks and enabling smooth operations from day one.
Accounting & Compliance Service
Finsmart provide end-to-end outsourced accounting and compliance solutions, ensuring your financial records are accurate, compliant, and efficiently managed—so you can focus on business growth instead of finance operations. Our expertise in Indian financial regulations and corporate accounting ensures seamless compliance and high-quality reporting.
CFO Controller Service
Our CFO Controller Services ensure that businesses receive structured financial reports and insights without the need for an in-house finance team. With a focus on data-driven reporting, we help businesses maintain clarity on financial performance while keeping operations streamlined and compliant.
Why choose Finsmart?
Expert Solutions, Seamless Operations
No In-House Accountant Needed
Save time, effort, and hiring costs.
100% Compliance & Accuracy
Stay ahead of India’s complex tax regulations.
Global CFO-Aligned Reporting
Structured reports that meet multinational standards.
Seamless Process Management
Smooth coordination across accounting, taxation, and payroll.
Proven Expertise Since 2007
Trusted by 300+ clients with a 150+ member team.
Focus on Business Growth
Let us handle accounting while you scale.
Focus on Business,
We’ll Handle the
Numbers.
From accounting and payroll to GST and TDS compliance – get a full finance team without the overhead.
Leave the finance
to specialist. Fix Appointment
Our pricing works as a simple monthly subscription. It is based on the scale of operations and the scope of work outsourced to us.
No, there are no extra fees for asking questions – in fact, we encourage it. Your monthly plan price covers everything.
We understand the importance of predictability. Your prices won’t fluctuate every month. While our pricing is based on monthly transactions, there are only yearly changes to adjust for increments, or if there is a change in the scale or scope of work. A sudden increase in transactions might initiate a discussion, but it is mutually discussed and finalized.
We want you to work with Finsmart Accounting because you’re happy with the service, not because you signed a contract. You can cancel anytime with a three-month notice period and we will refund the balance amount.
We provide daily updates about “work done today” to clients via email. It is further followed by weekly review calls and monthly review management calls. This helps you to stay updated with your work status at any time. If you already have some reporting system working at your end then our teams will adapt to it.
We have the flexibility to work in any time zone as preferred by our clients, be it real-time, overlapping time, or offshore time zone.
As we deal with a lot of sensitive data of clients, security and confidentiality are our top priorities. Some of the measures we take include:
1) Limited Access to the Internet
2) Restricted Access to Data
3) Disabled USB ports
4) Secured Network
5) Continuous Monitoring
6) Strong Password Protected Systems
Also, while accessing the remote server of clients for input, we ensure that the data is accessed & kept on client servers only, ensuring security and that the custody of data always remains with you.
Yes! Support is included as part of the contract at no extra cost. We encourage our clients to ask as many questions as they want. A dedicated account manager will be assigned to you, who will be available over email or phone to resolve your queries. The turnaround time will be a day at max.
Yes of course! We want you to be sure that you are making the right decision by choosing us and hence we would be glad to share our references with whom we are working. However, this can be done after our initial discussions about your service requirements and our proposed service offering.
