The payroll is defined as a list of company employees and a financial record of compensation due to each employee in the form of salaries, wages, bonuses, or deductions. This list of payments is divided up into time frames, including payment per week, fortnight, and month. Payroll processing in India is the task of managing the payment of salaries and wages by the company to its employees.

Documents required for payroll

• Form W-4, Employee’s Withholding Certificate

• Form W-9, Request for Taxpayer Identification Number and Certification

• Form I-9, Employment Eligibility Verification

• Job application

• Bank information

• Medical insurance forms

• Retirement plan documents