India
Empowering Global Teams: From HR to Payroll Precision
HSP provides full-service international payroll processing to ensure that your employees’ pay is calculated correctly, your employees are paid on time, every time, and all required payroll compliance filings are managed seamlessly and efficiently.
Our services include standalone payroll, Employer of Record (EoR), Professional Employment Organization (PEO), Non-Resident Employer payroll – circumstances and local law permitting, – Employment tax guidance, and employee expense report support.
HSP provides full-service international payroll processing to ensure that your employees’ pay is calculated correctly, your employees are paid on time, every time, and all required payroll compliance filings are managed seamlessly and efficiently.
Our services include standalone payroll, Employer of Record (EOR), Professional Employment Organization (PEO), Non-Resident Employer payroll (circumstances and local law permitting), employment tax guidance, and employee expense report support.
Managing a mobile international workforce, whether for short-term or long-term assignments, can add further challenges to your HR function. Through our Global Mobility Consulting group, HSP supports your company’s global mobility and expatriate strategy needs and helps you navigate the complex home, host, and cross-border country requirements.
HSP helps you prepare to send an employee overseas and helps you and the employee stay compliant while living and working abroad.
Designed to extend your in-country HR capabilities, our HR Administration services provide recurring HR support to address those common challenges associated with hiring, onboarding, paying, providing benefits, offboarding and answering the myriad of employment-related questions for your international employees.
By syncing up both the HR and the Payroll function, we ensure that you have a seamless and comprehensive solution.
Our technical consulting services address the challenges facing today’s global marketplace by assisting clients in establishing the appropriate structures to manage and support their workforce.
We understand country-specific HR and Employment best practices, compensation and flexible working packages, understanding benefits requirement and benefits sourcing, performance management, leave policies and termination/redundancy assistance.
At a Glance
Yes, local bank account needed.
Yes, local representation is required.
The standard payroll frequency is Monthly.
Yes, local registration is required.
The employer taxes iare 12.05% of gross salary.
Streamlined Success: Entity Management and Beyond
HSP’s Legal Management services include entity requirement analysis and selection, incorporation and post-establishment corporate income tax, indirect tax, and other registrations and licenses. In addition, our services are designed to keep your entity operational and compliant by providing ongoing corporate secretarial support, maintenance and custody of legal records and corporate books, tax agent representation, registered office address, and annual legal compliance.
At HSP, we understand that a company must fulfill local accounting obligations while also reporting on consolidated results to investors and leadership team. With this in mind, HSP Group can assist with both the preparation of local statutory bookkeeping and Financial Reporting – that is, in local GAAP, local currency and local language, and management reporting – considering management entries, and in English.
One of the main things that keep our clients up at night is worry about whether their overseas entities are reporting, filing and paying the correct taxes in each of their respective jurisdictions. HSP’s Tax Compliance takes this burden away from our clients. Our services include both indirect (Sales Tax, VAT, GST, IVA) and direct (CIT and WHT) taxes filing preparation and submission, pre-tax assessment review, tax recovery and tax audit support.
HSP’s technical consulting services is customized to support your business to prevent and resolve many different challenges you will encounter while operating overseas. It is also designed to assist you in scaling operations and developing more efficient and compliant processes in each of your overseas locations.
India Awaits Your Business
India Awaits Your Business
Experience HSP’s expert solutions for cross-border payroll, and entity management solutions. Simplify your complexities abroad.
Good to Know
The largest democracy in the world is also a profitable market for international companies. India’s young population, flourishing financial capacity, and skilled, affordable labor all serve to attract foreign investors. As the fifth-largest economy in the world, India has officially surpassed the UK.
India has become a powerhouse of technology innovation, noting the sharpest rise among Asian economies on the annual World Competitiveness Index. The Indian tech industry generated a total revenue of $227 billion in 2022. The country is currently home to an impressive 108 unicorns (startups valued at over $1 billion).
India’s numerous bilateral and regional trade agreements drive foreign investments. With initiatives such as Make in India and Digital India, the government is working to further enhance the business climate. In addition to preferential tax rates on the trading of goods for member countries, the agreements enable increased economic cooperation across areas like services and intellectual property.
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Payroll Compliance
Ever-changing regulations, including complex tax rules, make payroll compliance a major challenge. Statutory compliance, labor laws, and state regulations — to name a few — are prominent and must be followed. Failure to comply can expose the organization to lawsuits
Inconsistent Bookkeeping
Bookkeeping tends to be a low-priority task for small businesses in India, although it’s critical to success regardless of company size. Many business owners fail to understand that consistent bookkeeping can strengthen their decision-making and make a positive impact on business revenue. The small business carries a huge potential and would benefit from establishing basic financial hygiene.
Employee Retention
Young talent in India generally prefers a healthy work-life balance over benefits. The demands of the younger cohort have become a growing challenge for HR departments. HR now has to try to set realistic expectations while providing a work culture that counteracts the trend of job hopping.
Next Steps
Expanding into India can be incredibly rewarding — but the complexities cannot be overlooked. Our team of local experts are here to support your Indian operation, every step of the way.
We pair our expert-led managed services and technical consulting with GateWay, our global expansion management (GXM) system. This pioneering platform puts your global footprint at your fingertips, empowering you to expand with ease.
“While local vendors tend to primarily care about their sliver of the business, HSP Group is, as the single provider, fully invested in the success of the entire organization.”
Head of Finance and Operations at a fast-growing FinTech