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Payroll & Benefit Administration

In this ever increasing, dynamic and competitive business environment why worry about time consuming tasks like payroll and compliances which will divert your attention from your core business visions. At ABS, we provide up to date technology based process driven pay roll services for small, medium and large businesses. Take advantage of ABS and its 20 years of payroll experience we bring to your door step with ease and reliability. ABS has specifically in built software to handle the intricacies of every customer and the entire arena of payroll functions. We pro actively address individual customer needs by prioritizing and providing custom made reports and meet delivery times of agreed SLA’s with utmost accuracy and efficiency. Our custom fit payroll processing offers you a single point of customer contact by providing you specialized payroll staff that can stream line your HR activities and track the details for compliances.
  • Effective salary structuring meeting statutory requirements and client HR Policy
  • Updates of changes in the compensation related statutory provisions and legislations.
  • Employee self Service, Help desk & Query resolution through ticketing.
  • Payroll related Statutory compliance Administration – eTDS, PF, ESI, PT & LWF
  • Ensuring the accuracy in Compensation paid out using reconciliation tools, satisfying both the employer and the employee.
  • Periodical feedback from client and employees to keep better employee experience and improved performance at all levels.
  • Providing personalized attention thereby generating a feeling of an extended arm of any client firm resulting in win win situation and long-time Association.
  • Effective salary structuring meeting statutory requirements and client HR Policy
  • Updates of changes in the compensation related statutory provisions and legislations.
  • Employee self Service, Help desk & Query resolution through ticketing.
  • Payroll related Statutory compliance Administration – eTDS, PF, ESI, PT & LWF
  • Ensuring the accuracy in Compensation paid out using reconciliation tools, satisfying both the employer and the employee.
  • Periodical feedback from client and employees to keep better employee experience and improved performance at all levels.
  • Providing personalized attention thereby generating a feeling of an extended arm of any client firm resulting in win win situation and long-time Association.

Business Support Services

With our Business Support Services you can choose over a wide spectrum of business solutions in the field of outsourcing of business and knowledge processes. We at ABS, are equipped and geared to act on your behalf in this dynamic field for the last 15 years be it listed companies/unlisted companies. At ABS, we deliver operational efficiency with quality deliverables within effective timelines. Our team of specialist stays up to date and is well informed of the recent amendments that affect your non core businesses. We strive to achieve cost effectiveness by offering continuous quality improvement in our services with the flexibility demanded to suit clients with various needs. With our customer centric philosophy, we work towards customer excellence & with our customized services and processes; we ensure quality deliverables that can take your businesses to newer horizons.  
  • Accounting Operations
  • Treasury Operations
  • Vendor Accounting
  • Statutory Compliances
  • Income Tax, GST
  • Facilitations & Representations
  • MIS Reports 
  • Accounting Operations
  • Treasury Operations
  • Vendor Accounting
  • Income Tax, GST
  • Facilitations & Representations
  • MIS Reports 

Employee Stock Option Administration

At ABS we offer end to end solutions in the area of employee stock options. We offer entire life cycle of ESOP from Knowledge enhancement, Conceptualization, Design, Drafting, Finalization, Implementation of Scheme, Scheme Management, Legal Compliance and Management Information Systems. Our in built ESOP software integrates plan data in readable MIS format and thereby avoids manual intervention. We offer our best of service ingrained with our 20 years of experience in the ESOP field pairing with our qualified and dedicated ESOP Professional team. We are one of the few companies to appreciate ESOP at ground levels and put it into practice to benefit employees and companies with a Win – Win strategy as our chief driving motto. We are sensitive to market changes and offer pro active suggestions to meet the challenges of the future by adequately providing for in our designing phase of the scheme. Our experiences in handling clients include both listed and unlisted companies. Our knowledge is derived from handling a multitude of customers ranging from diverse backgrounds like Banking and Financial services, IT & ITES, Manufacturing, Healthcare and Hospitality industries and much more.

  • Framing the ESOP Scheme-listed/unlisted companies
  • Installation of the Scheme – creating awareness among employees
  • Administration of the Scheme through our own software – Grant / Exercise / perquisite valuation / Trust administration.
  • Compliance & MIS
  • Handling employee queries
  • Framing the ESOP Scheme-listed/unlisted companies
  • Installation of the Scheme - creating awareness among employees
  • Administration of the Scheme through our own software - Grant / Exercise / perquisite valuation/Trust administration.
  • Compliance & MIS
  • Handling employee queries

Fixed Asset Management

ABS provides solution in all areas of Fixed Asset Management Services. We take care of accounting and tracking of Fixed Assets right from Acquisition till the disposal process. Our services comprise of the entrie Life cycle from Acquisition, maintenance, depreciation process, Movement of Fixed Assets, Physical Verification, Revaluation, Scrapping and Disposal of Fixed Assets and MIS Reporting. On an average more than 30% of the Capital Employed is invested in the business fixed assets. Hence there is a need to monitor and control the investment made in Fixed Assets. All companies registered under the Companies Act, in addition to Accounting and Balance Sheet preparation, require maintenance of data relating to Fixed Assets in a pre fixed form. The maintenance of proper records showing all particulars and matters relating to material discrepancy Need to be provided in the Company’s Audit Report Order (CARO), 2003. Our Fixed Assets management Software -TAS 10, developed jointly by ABS and Invent Soft Labs, Chennai has been specifically designed to assist companies to account and manage their Fixed Assets.

Gratuity Management

ABS is providing Gratuity Management Services and Gratuity Trust Administration services.

Details of Gratuity Management Services includes:
Formation of Gratuity Trust
Obtaining Income Tax Exemption for the Trust
Operating Trust Bank Accounts
Co-ordination with Fund Managers like LIC/SBI/ICICI etc
Processing and Disbursement of Gratuity Claims
Handling Employee Queries
Tax Compliance
Co-ordination with Auditors and
Filing Income Tax Returns for Trust

Payroll Academy

Payroll processing is an interesting topic that is gaining rapid attention in today’s accounting industry. This niche area calls for highly trained resources to handle job intricacies and to adhere to strict timelines as drawn by the client and statutory authorities governing and relating to payroll. With over 15 years to our credit  ABS has experience to handle the intricacies of every customer and the entire arena of payroll functions. We pro actively address individual customer needs by prioritizing and providing custom made reports and meet delivery times of agreed SLA’s with utmost accuracy and efficiency. Our custom fit payroll processing offers you a single point of customer contact by providing you specialized payroll staff that can stream line your HR activities and track the details for compliances. Advising Proper Payroll system to suit client requirements Well-equipped professionals & tools to process timely & error free payroll Advise on effective salary structuring meeting statutory requirements and client HR Policy Standard and customized MIS reports Employee self Service, Help desk & Query resolution through ticketing. Payroll related Statutory compliance Administration – eTDS, PF, ESI, PT & LWF Data confidentiality, safety and backup support Dedicated team attached to client for personalized servicing Periodical feedback from client and employees to keep better employee experience and improved performance at all levels.

Payroll Audit

A payroll audit is a systematic examination of an organization’s payroll processes, financial records, and compliance with relevant laws and regulations. The primary goal of a payroll audit is to verify the accuracy of payroll transactions, ensure adherence to tax laws, and confirm that employee compensation aligns with contractual agreements. During the audit, payroll professionals meticulously review timekeeping records, benefit deductions, tax withholdings, and other payroll-related data. This process helps identify and rectify errors, mitigate potential legal risks, and enhance overall payroll efficiency. A well-executed payroll audit not only ensures financial integrity but also reinforces trust between employers and employees by guaranteeing fair and transparent compensation practices. Additionally, it serves as a proactive measure for organizations to stay compliant with evolving regulatory requirements.

Other Services

ABS  is providing Other Services

  • Company incorporation
  • Foreign investment - SIA/RBI compliance
  • STPI registration and compliance
  • TDS compliance incl. E TDS filing
  • Goods &Service Tax registration & Compliances
We had a humble beginning which has led us to grow successfully over the years through professional approach and a guided mentoring strategy thoughtfully created by experts of the management team and dutifully adhered by all staff in unison.

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Contact

  • +91 9884401447
  • support@abs.co.in
  • No.57, First Floor, GeeYam Tech Square Estate Main Road, Perungudi, Chennai - 600096.

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