Meaning
of Payroll:
Payroll means the
remuneration paid to the employee for rendering his/her services to the company
for a certain period of time. Payroll plays a vital role in a company. In
simple terms we can say that payroll is the sum of financial records of an
employee including his/her salary, bonus, incentives, other remuneration paid
to employee and deductions. The main objective of the payroll department is to
ensure that all employees get paid the remuneration accurately and timely with
accurate deductions and taxes and also to ensure that are deductions are
submitted to the related bodies within the prescribed time.
For any query relate to
Account & Taxation Outsource call us at our below number. We would love to
hear you.
Thanks
& B. Regards,
ARS
Business Consulting Team,
09891800670
Gurgaon,
HR, India
URL: www.arsbusiness.in
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