FFITS has flexible plans to suit each customers requirements. The charges are competitive and depend on various factors.  We have plans starting with as low as
Rs. 20,000 per month for upto 200 employees.

Standard Scope of Work

Setup of

• Various Masters – Branch, Department, Designation etc.
• Payroll components with rules
• Employee Master Details
• Employee Salary Structure
• Loan Recovery Schedules

Monthly Processing of Payroll

• Processing of data for new / existing employees based on
  • Attendance sheet
  • Change in salary structure
  • Variable components
  • New Loans recovery schedules / extra recovery details
  • Stop Salary
  • Calculation of TDS based on the estimations of investments received from employees.
• Generation of Bank transfer files for the credit of salary
• Full and Final settlement of the employees who have left the organization based on
  • Date of leaving
  • Recovery of pending loans , balance TDS, notice pay
  • terminal benefits e.g. Leave encashment , gratuity
• Generation of reports–
  • Salary register for the month
  • Salary comparison report with last month
  • PF/ESIC
    • Deduction reports
    • Challans
    • PF Form 5/10/3A/6A/12
    • ESIC Form 6/7
  • Profession tax deduction reports
  • Tax payable report – Challan 281 
  • Salary Summary

Emailing The Tax Estimation

• Emailing the tax estimation and pay-slips to each employee on the official Email ids. 
• In case the employee does not have the official email id, it would be mailed to the company’s common contact’s mail id.

Quarterly processing

• Updating TDS challan payment details
• Generation of eTDS Form 24Q and Form 27Q and forwarding the same to you for onwards submission

Year End Processing

• Generation of Form 16
• Generation of eTDS Form 24Q Qtr IV  and Form 27Q and forwarding the same to you
•  for onwards submission.

Optional Services

• Checking of 80C investments / Other deductions for tax purposes
• Reimbursement processing
• Answering employees’ payroll related inquiries via dedicated email ID
• Preparing and reporting new / Leaving employees to PF / ESIC authorities
• Interacting with your auditors to provide all relevant, updated payroll data