What We Offer in Payroll Compliance Services
Comprehensive Payroll Compliance Solutions: Simplifying Tax, Deduction, and Legal Requirements
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Payroll Records
Keep accurate salary registers to ensure legal compliance with employee earnings and deductions.
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Salary Calculation
Calculate salaries accurately, factoring in overtime, bonuses, and minimum wage laws.
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PF & ESI
Deduct and remit PF and ESI based on wages for government compliance.
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Statutory Deductions
Deduct mandatory payments like PF, ESI, PT, LWF, and TDS to meet legal requirements.
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Deductions Verification
Regularly verify and reconcile PF, ESI, and TDS deductions to prevent compliance issues.
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Payments Reconciliation
Reconcile PF, ESI, and PT payments frequently to ensure accuracy and compliance.
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TDS Filing
Ensure timely TDS filings based on income tax slabs to meet deadlines.
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Statutory Returns
File timely returns for all payroll deductions to ensure legal compliance.
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Audit Documentation
Maintain organized payroll records for easy audit access and inspection compliance.
Our Strength
Statutory Laws
Ensure compliance with PF, ESI, TDS, PT, and LWF regulations.
Accurate Deductions
Guarantee precise deductions for PF, ESI, TDS, and PT compliance.
Compliance Management
Provide complete payroll solutions from salary calculation to return filing.
Filing Returns
Ensure timely filing of statutory returns to avoid penalties.
Audit Documentation
Maintain well-organized payroll records for easy audit access.
Compliance Monitoring
Stay updated on labour law changes, ensuring ongoing legal compliance.
Frequently Asked Questions
Payroll compliance refers to the legal requirement of adhering to laws regarding employee salaries, tax deductions including P. Tax , benefit contributions (like PF, ESI,LWF), and statutory filings . Non-compliance can result in penalties and legal consequences.
Payroll compliance is crucial to avoid interest on delayed payment, penalties , fine, legal risks, and damage to business reputation. It ensures accurate tax deductions, proper employee benefits, and compliance with labour laws and tax regulations, including TDS and PF contributions.
Key payroll compliance requirements include timely salary payments, employee benefit contributions (PF, ESI), accurate tax deductions (TDS), maintaining proper records, and filing statutory returns within deadlines.
To ensure payroll compliance, maintain accurate records, stay updated on tax laws, contribute to employee welfare funds (PF, ESI), and file statutory returns on time. You can also partner with a payroll compliance service provider for expert support.
Non-compliance with payroll laws can lead to fines, penalties, legal issues, and damage to reputation. Businesses may face audits, legal action, and the requirement to pay outstanding dues, including unpaid taxes and employee benefits.