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The Classic Partners LLP · Virtual CFO

Payroll

Monthly salary processing with every statutory deduction computed, deposited and returned on time — and employees who get answers when they ask.

Quick answer

Payroll processing covers monthly salary computation, tax deducted at source under Section 192, provident fund and ESIC contributions, professional tax, payslips, and the quarterly Form 24Q returns that generate each employee's Form 16. The arithmetic is the easy part; the risk sits in the statutory definitions — PF and ESIC have their own wage bases and their own due dates, and errors usually resurface later as a TDS default or an inspection notice.

What we cover

What our payroll service covers

Everything between the attendance sheet and the employee's Form 16.

  • Monthly salary computation, including variable pay and arrears
  • TDS on salary under Section 192 with investment declaration and proof review
  • PF and ESIC computation, ECR upload and challan payment support
  • Professional tax and labour welfare fund, state by state
  • Payslips, reimbursement processing and full-and-final settlements
  • Quarterly Form 24Q filing and Form 16 issue to employees
Key components

The four moving parts of Indian payroll

Each has its own rules and its own deadline.

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Salary processing

Structure, attendance, leave, variable pay and reimbursements resolved into a monthly register you can approve.

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PF and ESIC

Contributions computed on the correct wage definition, with monthly ECR filing and challans by the due date.

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TDS on salary

Projected annual tax per employee, adjusted through the year as declarations and proofs come in, so March holds no surprises.

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Returns and Form 16

Quarterly 24Q filings that reconcile to the challans, so Form 16 issues cleanly and employees' 26AS matches.

How we work

Our process

A fixed monthly cycle with a clear cut-off.

1

Setup

Salary structures, statutory registrations and employee master data captured once and validated.

2

Monthly inputs

Attendance, joiners, exits and variable pay collected by an agreed cut-off date.

3

Processing and approval

Draft register and statutory summary for your sign-off before any payment is released.

4

Payments and returns

Challans deposited, ECR filed, payslips released, and quarterly returns filed on schedule.

Why choose us

Why payroll errors cost more later

What sets our approach apart.

Wage definitions are litigated

PF is computed on a statutory wage base that has been the subject of Supreme Court rulings; splitting salary incorrectly creates arrears exposure with interest and damages.

TDS mistakes surface in June

Under-deduction through the year lands on employees as a shortfall at filing time and on the employer as a default in the TRACES statement.

Confidentiality by design

Payroll data is handled by a restricted team with defined access, so salary information does not circulate through your general accounts function.

FAQs

Payroll questions answered

What people ask before engaging us.

Monthly salary computation, statutory deductions for PF, ESIC, professional tax and TDS, challan payments, payslips, and the quarterly TDS return that produces Form 16. Full-and-final settlements, reimbursement processing and employee queries are usually part of the same scope.
Yes. Registration under the EPF and ESIC Acts is handled as a one-time activity, and after that the monthly ECR filings and challan payments run as part of the payroll cycle. We will also confirm whether your headcount and wage levels actually trigger coverage before you register.
Tax under Section 192 is computed on the employee's estimated annual income for the year, after considering the regime they have opted for and the exemptions and deductions they are eligible for, and then deducted in roughly equal monthly instalments. The estimate is revised through the year as declarations, proofs and salary changes come in.
Yes. Payslips and tax computation statements can be released to employees over email or through a self-service portal, and we handle employee queries on deductions and Form 16 directly so your team is not the first line of support.

Payroll taking a week every month?

We will run a parallel month against your current numbers so you can see the difference before switching.

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