PAYROLL POLICY

Elevated Care AZ, LLC understands the importance of payroll for employees and works its best  to process each employee’s payment before the specified date of every month. The policy  covers every component for calculations while keeping it compliant with government rules. 

 The term 'Payroll' refers to the process of computing employee salaries and ensuring the  Company is compliant with salary-related statutory laws and accounting aspects.  Payroll processing is an essential business function that involves arriving at the 'net pay' of the  employees after the adjustment of necessary taxes and deductions. For an efficient payroll  management process, the payroll administrator needs to plan the payroll process step-by-step. 

As a business function, it involves: 

1. Developing organization pay policy including procedures for obtaining employee salary  input data from various stakeholders. 

2. Processing the inputs to arrive at Gross Pay and Net Pay 

3. Ensuring timely credit of salaries to employee bank accounts 

4. Depositing statutory dues like TDS, PF, PTax, ESI etc. with appropriate authorities and  filing returns 

5. Ensuring accurate accounting of payroll costs