Statutory Compliances

A lot of your company’s effort and money goes into ensuring compliance to these laws which could deal with a range of issues; from the payment of PF, ESI, TDS, minimum wages to maternity benefits or professional taxes. Statutory Compliance are necessary for all big and small companies in the world to keep their businesses safe from the legal trouble. A deep knowledge of statutory compliances are required to minimize the risk associated with the noncompliance of statutory requirements. In today’s competitive and legal business world, it is very challenging for employers to manage statutory compliances without a good HRMS Software. There are a number of statutory requirements for Indian companies and companies have to spend a significant amount of time to ensure that they are compliant with the legal regulations. If companies fail to adhere to statutory compliances, they may have to face heavy penalties which are several times more than complying with legal guidelines.

• Configuration for fixing minimum rates of wages for skilled and unskilled laborers based on the state and location.
• Configuration and calculation of overtime and Payment of Overtime as per the Factory Act & Payment of Wages Act.
• Configuration and calculation of TDS on contribution-based salary components. 
• Deductions of TDS liquidity, tax deduction at source of Income Tax Act, section 192, 1961.
• Generate PF challan in one click.
• Generate ESI challan in one click.
• State-based configuration of Professional tax and based on deduction when generating payroll. 
• Generates the professional tax challan in one click by complying with statutory requirements.
• Gratuity calculations and provisions for employees leaving the organization in accordance with statutory compliance.

• Setup State wise all type Skill Wages Limit
• Setup PF Rule
• Setup ESIC Rule
• Setup Bonus Rule
• Setup Labour Welfare Rule
• Setup Professional Tax Rule (if applicable)

• Generate Company wise challans
• Generate PF ECR Challan
• Generate ESIC Challan
• Generate EPF Left Employee Challan
• Generate PF Summary
• Generate ESIC Summary
• Generate LWF Summary
• Generate LWF Return