Package

Employees Payroll refers to the total amount of wages, salaries, bonuses, allowances, and benefits that a company pays to its employees during a specific period, usually on a monthly basis.

Our package is designed to help your company with this whole process of Tax Clearance.

From S$200

Per month

  • NUMBER OF EMPLOYEES
  • Up to 3 employees
  • Above 3 employees
  • SERVICE FEE
  • S$200 per month (base fee)
  • +$25 per additional employee

Both “a la carte” and “packaged” pricings are available on demand to better fit with your evolving corporate needs.

Please note that we reserve the right to modify prices and relevant terms without prior notice – if deemed necessary by market conditions.

What is Included in this Package

Services Included (Monthly Basis):

  • Processing employee payroll involves calculating gross salaries monthly

    (including basic pay, additional allowances, benefit payments, expense reimbursements, bonuses, and other prescribed payments).

  • Deducting statutory CPF contributions, submitting CPF online by the deadline.

  • Generating monthly payroll summaries and individual pay-slips for employees.

  • Preparing bank payroll files for payment uploads.

Package Suitability

Legal Requirement

Timely preparation of salaries is crucial under the Singapore Employment Act, which mandates payment within 7 days after each salary period ends, along with the provision of accurate pay-slips detailing the salary amount, deductions, and other relevant particulars to all employees.

Process of Payroll

The payroll process in Singapore involves calculating gross salaries, including basic salary, allowances, bonuses, and reimbursements.

After applying statutory CPF deductions, pay slips are issued to employees, and CPF contributions are submitted to the relevant authorities.

Impact of Late Payroll Process

The impact of late employees payroll processing in Singapore can result in penalties and legal consequences for the company.

It may also lead to employee dissatisfaction, affecting morale and productivity within the organization.

Commonly Asked Questions

Regular Payroll for Employees:

What are the statutory requirements for payroll in Singapore?

Employers in Singapore are required to comply with statutory requirements such as CPF (Central Provident Fund) contributions, employee tax filings, and adherence to the Employment Act, which governs working hours, overtime, and leave entitlements.

What payroll deductions are required by law in Singapore?

Mandatory payroll deductions in Singapore include CPF contributions (for both employer and employee), income tax (through the monthly withholding of tax for employees), and other possible deductions such as employee insurance or union fees, if applicable.

How do I calculate employee salaries and benefits, and what should be included in the payroll?

Payroll should include basic salary, overtime pay, bonuses, allowances (e.g., housing, transportation), and any other contractual or statutory benefits. Calculations must consider the type of employment contract, work hours, and applicable employment laws.

How often should payroll be processed, and what are the timelines for salary payments?

Payroll is typically processed on a monthly basis, with salary payments made on a designated pay date, often by the 7th of the following month. Employers must ensure that salaries are paid in full and on time to avoid penalties.

INQUIRY FORM

HUMAN RESOURCES 

(Employees Regular Payroll)

Please complete the Inquiry Form below to receive tailored assistance for your business operations and corporate needs from BESO.

Our team of experienced advisors will promptly reach out to you.

Thank you for your interest!

BESO Corporate Services PTE LTD

hello@beso.sg

60 Paya Lebar Road, #07-54 Paya Lebar Square, Singapore 409051

+65 6303 4429

+65 9248 0866

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