Contractor Pay Option

OfficePortal’s Contractor Pay Option simplifies contractor payroll management, ensuring accuracy and compliance. Follow these steps to get started:

1. Set Up Contractor Profiles

  • Add the contractor’s profile in OfficePortal.
  • Set the employment type to Contractor.
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Enter the contractor’s PAN number to enable customizable TDS values.

  • If the PAN number is not entered, a default 20% TDS will be applied automatically.
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2. Customise Salary Details

  • Define salary components, including TDS adjustments.
  • Add post-tax deductions such as EMIs or advances, tailored to the contractor’s payment structure.
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3. Run Payruns with Flexibility

  • Run payruns based on locations, bands, or employment types.
  • Choose to create separate payruns for contractors or combine them with all employees for unified payroll management.
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4. Enhance Payrun with Additional Features

  • Include contractor pay corrections and one-time post-tax deductions directly in the contractor’s payslip during the payrun process.
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