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Payroll Outsourcing Company in Mumbai

Are you struggling with payroll in Mumbai’s fast-moving business scene? We understand how confusing things can become and drain your time and energy. Payroll processing is time-consuming, and unless you hire a third-party service provider, you need to handle it yourself. The biggest challenge for any business today is error-free payroll processing with proper compliance management and up-to-date rules. That is why payroll outsourcing is a game changer, relieving you from stress, saving money, and complying with the regulations. Vishaal Consultancy Services is a payroll outsourcing company in Mumbai comprising a highly expert team. Our team offers payroll services to all businesses, simplifies the ever-changing rules and streamlines the whole process. Our services give us time to concentrate on core business operations.

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Key Regulations and Laws that a Payroll Outsourcing Company in Mumbai Have to Comply With

Payroll companies in Mumbai must follow specific laws and regulations, including the ones associated with employee benefits, taxation, and workplace safety. The following are some key laws and regulations that payroll outsourcing companies in Mumbai must follow:

  • The Employees’ State Insurance Act, 1948: The act covers maternity and medical benefits for employees. Contributions are 0.75% and 3.25% of salaries for employees and employers, respectively. ESI medical centres offer healthcare facilities for free, with penalties for non-compliance.
  • The Payment of Bonus Act, 1965: The act gives employees access to a yearly bonus in organisations with 20+ employees. To eligible for yearly bonus under the act, employees must have work at least 30 days.
  • Employees Provident Fund Act, 1952: The act is applicable to businesses with 20+ employees. At least 12% of the contribution from both the employer and the employee is required. Failure to adhere to the act attracts penalties, including 10% yearly interest.
  • The Payment of Bonus Act, 1965: The act gives employees a yearly bonus for specific organisations like factories. Employees eligible for this should have clocked in for 30 days at work.
  • Maharashtra Shops and Establishment Act, 2017: This act regulates the working hours, weekly holidays, and leave policies for shops and similar establishments. It ensures on-time salaries, the right compensation structure, and workplace rights for employees in Mumbai.
  • The Minimum Wages Act, 1948: The minimum wage rate for employees varies from state to state. The 1948 Minimum Wages Act ensures minimum wage rates. Maharashtra revises these rates every 5 years. Failure to comply with the act attracts penalties.

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    Note: Our services are currently offered exclusively to businesses, not to individuals. Enquiries regarding PF transfers and rejections will not be addressed.







    Why Choose Vishaal Consultancy Services as Your Payroll Outsourcing Company in Mumbai

    So, why should you outsource your payroll processing to Vishaal Consultancy Services? Here’s a quick breakdown on why we are the best payroll outsourcing company in Mumbai:

    Penalties for Non-Compliance

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    Non-compliance with laws and regulations attracts various penalties, like fines and even punishments for serious cases. The penalties range from a fine of Rs.10,000 or imprisonment for 6 months or 3 years. So, it is best to comply with all the laws and frameworks that govern payroll management in Mumbai.

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    labour law consultant

    How Does Our Payroll Outsourcing Company in Mumbai Help Your Business?

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    Vishaal Consultancy Services benefits businesses in numerous ways. Here is how payroll outsourcing companies in Mumbai benefit your business:

    Experience you can count on

    Happy Clients
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    Years of Experience
    (PAN India)
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    Client Partnerships
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    Successful
     Assignments
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    Certifications that reflect our commitment to excellence

    Our certifications demonstrate our dedication to providing excellent services that meet global standards.

    Success Stories that Inspire Confidence

    Hear From Our Esteemed Clients

    “ This is to place on record our sincere appreciation to Vishaal Consultancy Services for their impeccable services rendered to Sushma Industries Pvt. Ltd., in helping us resolve the statutory compliance lacuna, clearing all pending issues, making us up to date in compliance with all the relevant statutory requirements viz. PF, ESI, Labour Office, Inspector of Factories etc. We have now found a trusted service provider, who also goes that extra mile in proactively apprising us of new developments and keeping us abreast. Wishing Vishaal Consultancy Services, the best of luck and sustenance of their service quality. “

    Vishnu Vardhan Kumar

    HR Executive
    Sushma Industries Pvt Ltd.
    We are pleased to share with you that Vishaal Consultancy Services (VCS) has earned its place as a trusted service provider, through its consistent performance over the past three years. Being a bouquet HR consulting company, we have been recommending VCS’ services to our Clients, with confidence, apart from entrusting our own compliance mandate. I must state that VCS’ team demonstrates relevant and adequate knowledge, responds with sensitivity and takes accountability till fruition of a compliance mandate. Wishing you the best of Luck!

    Padmanabhan

    Director
    Professional Access Resources Consulting Pvt. Ltd.
    “ I have known Vasudev for 5 years from now & I feel his work is very professional. Once we sign a contract with Vishal consultancy we can be sure that everything will be taken care of in time. I also feel that Vasudev takes personal interest in his customers and ensures to reach them one in a while to get first hand feedback. This quality will really take him and his company to a higher altitude. All the best and keep up the same pace.“

    Vandana Jha

    Human Resources Manager
    LSG Sky Chefs
    “ We take immense pride in referring Mr. Vasudev R (Vishaal Consultancy / VP Associates). He has helped us in sailing through the statutory audit without any glitches and has been a major support in guiding us in complying with various statutory norms. Mr. Vasudev & his team are very prompt, receptive and up to date on new policy/amendments. We are no longer worried about statutory compliances. We truly appreciate all the help and support given to us. It has been a pleasure working with Mr. Vasudev and his team. “

    Veena Adiga

    Manager- Human Resources
    Continuserve Softech India Pvt. Ltd.

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    FAQs Regarding Our Payroll Outsourcing Company in Mumbai

    Find answers to the most commonly asked questions and gain valuable insights from a top Payroll Outsourcing Company in Mumbai to help you make informed decisions.

    With over 30 years of industry experience, Vishaal Consultancy Services combines deep expertise and a proven track record to deliver accurate, compliant, and timely payroll services. Our strong PAN India presence ensures we understand local nuances, making us a reliable partner for businesses in Mumbai.

    Unlike many providers, we emphasize personalized service backed by a robust client base of over 500+ client partnerships. Our approach focuses on proactive compliance, minimizing risks while streamlining payroll operations to suit your business needs.

    We maintain trust through consistent communication, responsiveness, and customized solutions. Our clients appreciate the transparency and dedication that keep their payroll processes smooth, which is why many have stayed with us for years.

    We prioritize data security and compliance while offering easy to use platforms and expert support. Our clients benefit from timely statutory filings and clear guidance, helping them focus on their core business without payroll worries.

    As the leading payroll outsourcing company in Mumbai, we ensure compliance with local laws and regulations. Our experts ensure that all payroll-related activities are done based on legal requirements. Businesses outsource their payroll to professional with expert knowledge and resources that thoroughly understand local laws.

    Payroll outsourcing companies in Mumbai enhance efficacy by giving you time to focus on core business operations. You leave the payroll management to experts and instead focus on strategies to grow your business. With outsourced services, access is given to advanced technology and skilled knowledge that streamlines the whole process error-free.

    Our success is driven by a dedicated team that handles over 1000+ successful payroll assignments monthly with precision. We leverage advanced technology and up-to-date knowledge of evolving regulations to ensure seamless and error-free payroll management.

    As a payroll outsourcing company in Mumbai, we offer end-to-end payroll management services. We manage all activities, from collecting the names of employees to be paid and tracking working hours and attendance to calculating payments, distributing salaries, and tracking expenses.

    The cost of our payroll management services in Mumbai is based on the intricacy of payroll and the surplus services needed. The factors that influence the cost include business size, frequency of payroll, and compliance requirements.

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