Payroll Processing in Ahmedabad – Pay Your Team Right, Every Month
Payroll is more than transferring salaries. It involves calculating each employee’s exact entitlements, deducting the right statutory contributions, maintaining detailed records and filing returns with multiple government authorities on specific dates every month. A single error in payroll can create compliance problems with EPFO, ESIC or the income tax department – and employee dissatisfaction that is hard to reverse.
At OakRise Fincorp, we handle complete payroll processing for small and medium businesses in Ahmedabad – from salary calculation to compliance filings – so you can focus on your business while your team is paid accurately and on time.
Payroll Services We Offer
Monthly Salary Calculation
Calculating gross salary, all allowances, overtime, deductions (PF, ESIC, professional tax, TDS) and net take-home for each employee based on their CTC structure and attendance data.
Salary Slip Generation
Professional salary slips for each employee every month, showing all components clearly. Salary slips are required for loan applications, visa processing, rental agreements and income proof.
PF Compliance (EPFO)
Calculating employee and employer PF contributions, generating monthly challan, online payment through EPFO portal and filing monthly ECR (Electronic Challan cum Return). We also assist with new employee UAN generation and KYC updates.
ESIC Compliance
Calculating ESIC contributions (applicable to employees earning below ₹21,000/month), generating monthly challan and filing monthly ESIC return. We manage ESIC registration for new employees and IP registration.
Professional Tax (PT) Compliance
Monthly deduction of professional tax from employee salaries as per Gujarat PT slab rates, payment to state government and quarterly/annual return filing.
TDS on Salary (Form 24Q)
Monthly calculation of TDS to be deducted from each employee’s salary based on their projected annual income and declared investments, payment to government and quarterly Form 24Q return filing.
Annual Form 16 Generation
Generating Form 16 (Part A and Part B) for every employee at the end of the financial year – required for their personal ITR filing. Distributed digitally by May 31st every year.
Frequently Asked Questions
Is PF registration mandatory for my business?
PF registration is mandatory for businesses with 20 or more employees. Smaller businesses can voluntarily register. Once registered, PF applies to all employees earning up to ₹15,000/month (employer must also contribute for those earning above ₹15,000 if already contributing). We advise on registration requirements and thresholds specific to your business.
Is ESIC registration mandatory?
ESIC registration is mandatory for establishments with 10 or more employees where at least some earn below ₹21,000/month. ESIC provides medical and cash benefits to eligible employees – it is an important benefit for lower-wage staff. We handle registration and monthly compliance.
What is the professional tax rate in Gujarat?
In Gujarat, Professional Tax is deducted at ₹200/month for employees earning above ₹12,000/month (₹2,400/year). The employer must also pay professional tax on their own income. We calculate, deduct and remit PT and file the required returns with the Gujarat government.
Can you handle payroll for businesses with both PF and non-PF employees?
Yes. In many businesses, some employees are covered under PF (earning below ₹15,000 or those who were contributing when earning below ₹15,000) while others are not. We maintain separate registers and compliance filings for each category.
What information do you need from us monthly for payroll processing?
We need: attendance/leave data (days worked, leave taken, overtime if applicable), any salary revisions or new joinee/exit details, any advance or loan deductions, and investment declaration changes. We provide a simple monthly input template that typically takes 15-30 minutes to complete.