Preparation of the monthly salary sheet involves compiling and documenting employees' earnings, deductions, and taxes withheld for each pay period. It ensures accurate calculation of net salaries and compliance with payroll regulations, providing transparency and clarity for both employees and employers.

Deductions as per applicable laws such as Income Tax, Provident Fund, and Professional Tax are calculated and withheld from employees' salaries in compliance with legal requirements. These deductions ensure statutory contributions towards income tax liabilities, retirement savings through Provident Fund, and state-specific levies like Professional Tax, facilitating regulatory compliance and financial planning for employees.

Computation and deposit of TDS (Tax Deducted at Source), ESI (Employee State Insurance), PF (Provident Fund), etc., involve accurately calculating the amounts due based on applicable rates and employee earnings. These deductions are then deposited to the respective government authorities within the specified timelines, ensuring compliance with statutory requirements and fulfilling employer obligations towards employee welfare and tax liabilities.

Disbursement or online payment of salary involves transferring employees' wages directly to their bank accounts electronically, streamlining payroll processes and enhancing efficiency. This method ensures prompt and secure salary payments, reduces administrative burden, and provides employees with convenient access to their earnings.

Sending pay slips via password-protected email ensures confidential transmission of employees' salary information, safeguarding sensitive data from unauthorized access. This method enhances data security measures, maintains privacy compliance standards, and provides employees with secure access to their pay information.

Reimbursement of telephone, medical bills, etc., involves compensating employees for expenses incurred on approved business-related expenditures. By reimbursing these costs, employers support employee well-being and productivity while ensuring compliance with company policies and tax regulations.

Issuing Form 16 to employees involves providing a detailed summary of their salary income, taxes deducted, and other relevant financial information for the assessment year. This document serves as a crucial proof of income and facilitates employees in filing their income tax returns accurately and efficiently.

Periodic reconciliation of payments and statutory deductions with books of accounts involves comparing financial records to ensure accuracy and compliance. This process helps identify discrepancies, rectify errors, and maintain integrity in financial reporting, ensuring transparency and regulatory adherence.

Administration of gratuity, superannuation, pension schemes, etc., involves managing and facilitating employee retirement benefits in accordance with company policies and regulatory requirements. This includes calculating entitlements, coordinating contributions, and disbursing payments, ensuring financial security and well-being for employees post-retirement.