Importance of statutory compliance of businesses in India!

Importance of statutory compliance of businesses in India!

What is statutory compliance? An organization’s time, effort and money are utilized to ensure that payroll is compliant through a statutory audit. From employee’s fair treatment of labor to protecting the company from unreasonable wage or benefit demands from trade...
Payroll Challenges Faced by Small and Medium Organizations!

Payroll Challenges Faced by Small and Medium Organizations!

The Covid-19 pandemic has highlighted the inefficiencies and challenges that many organizations were not prepared to address.  In these hard times, businesses must evolve rapidly and put the practices and systems properly in place to cope with the changes in the...
Why should you outsource payroll

Why should you outsource payroll

1.Cost savings Outsourcing payroll often saves a firm money compared to carrying out the task in-house. Processing payroll in-house means investing in the necessary computer equipment, payroll or accounting software and providing training to ensure that payroll is...
Updated Checklist for Statutory Compliance 2021

Updated Checklist for Statutory Compliance 2021

The Employees Provident Funds and Miscellaneous Provision Act – 1952 (EPF)Shops and Commercial Establishments Act (S&E)The Employees State Insurance Corporation Act – 1948 (ESIC)The Labour Welfare Fund Act (LWF) 1965The Professional Tax Act (PT)...