Re:Show HN: Automated payroll service for Indian startups
by awaaz on Thursday February 01, 2018 @03:23AM
(#16280358)
I am Anuj, the founder of Opfin. Here is the gist of Opfin -
There is plenty of software available in the Indian market to calculate payroll. Such software will typically output how much employees need to be paid, and other deductions like income tax, provident fund, professional tax, ESI etc. The execution is left up to the business owner.
Opfin's USP is that we _execute_ the entire payroll as well. So we pay all the employee's directly though bank transfers, and pay TDS, PF, PT, ESI on behalf of the company so that the company is entirely covered from all legal and compliance aspects.
Apart from basic payroll, we also take care of contractor and vendor payments, reimbursements, employee documents and leave & attendance.
Re:Show HN: Automated payroll service for Indian startups
by bozoUser on Thursday February 01, 2018 @10:06PM
(#16288073)
Congrats on the launch!
A nitpick, you could say we charge 100 Rupees per employee for firms with less than XX employees and for other small, large business contact us for enterprise pricing.
There is plenty of software available in the Indian market to calculate payroll. Such software will typically output how much employees need to be paid, and other deductions like income tax, provident fund, professional tax, ESI etc. The execution is left up to the business owner.
Opfin's USP is that we _execute_ the entire payroll as well. So we pay all the employee's directly though bank transfers, and pay TDS, PF, PT, ESI on behalf of the company so that the company is entirely covered from all legal and compliance aspects.
Apart from basic payroll, we also take care of contractor and vendor payments, reimbursements, employee documents and leave & attendance.
A nitpick, you could say we charge 100 Rupees per employee for firms with less than XX employees and for other small, large business contact us for enterprise pricing.
Good Luck :)