Payroll management in India for businesses operating from foreign countries
Updated: Mar 31, 2022
Hiring India's tech talent remotely can enable you to transform your business with an improved P&L and better competitive advantage. However, there are certain challenges that companies need to navigate. One of the major challenges is payroll management and compliance with local regulations (taxes and compliances).
Payroll management in India can be a daunting task with a plethora of rules and compliances, it can drain the HR and Finance team of their valuable time and energy.
The payroll structure in India is defined according to the Indian laws and regulations, adhering to which can be a bit daunting and an unnecessary hassle for a business based out of India. Moreover, a complex tax regime can make the HR and Finance team perplexed. Companies reimbursing salaries to their employee in India also have to deposit the required tax deduction to Indian tax authorities. Keeping a full-time resource and complying with local rules and regulations while operating from outside India can be a cumbersome process.
We at LightSapien have been assisting companies globally in finding and managing their resources effectively. We work closely with the companies and manage a large chunk of operational processes, further enabling them to devote their time and energy to focus on their core areas. We provide end-to-end human resource management by managing the whole administration and providing high quality and relevant tech talent for specific business needs.
If you want to know more about our recruitment services, feel free to contact us.