Statutory Compliances by Intellipayroll

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Intellipayroll- 100% compliance with all government laws . Includes PF, ESIC, PT, TDS, LWF, Bonus and other modules.

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Presentation Transcript

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Statutory Compliances Statutory compliance is all about the organizations those must follow the standard Laws. Statutory Compliances such as PF Factories Act ESI Act Minimum Wages Act Bonus Act Professional Tax Act Shop and Establishment Act are required of Indian companies organization etc. Intellipayroll is 100 compliant with all government laws. Which includes PF ESIC PT TDS LWF Bonus and other modules. So now your HR can devote quality time to their core responsibilities and forget about complicated compliances hassle. Timely and efficient statutory compliance process means: • Avoid legal implications penalties • Access to regional and local expertise • Centralized error free data documents that is readily available

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• Professional support during inspections / audits • Assured ethical practices with strict timeline adherence • Achieve 100 compliance Provident Fund – PF PF is calculated on Basic BA DA and arrear on BA and DA. The amount on which PF is calculated is calles PF wages Employee’s EE share is 12 of PF wages. Employer’s ER share is 12 of the PF wages. All statutory forms and electronic challans are auto generated every month with the help of Intellipayroll. Employee State Insurance – ESI Employees State Insurance abbreviated as ESI is a self-financing social security and health insurance scheme for Indian workers. ESI calculation is completely configurable in Intellipayroll Income Tax and TDS Intellipayroll calculates TDS automatically. The TDS applicability slab is predefined which can also be changed. Concessions provided by government under various sections are also configured. One can save tax by declaring under these sections. Professional Tax – PT Professional Tax PT is state based tax it is allowed as a deduction from the gross income before computing the tax. All PT calculations are calculated through intellipayroll. and necessary forms are generated. Labor Welfare Fund Labour welfare fund is a statutory contribution managed by individual state authorities. Labour welfare refers to all the facilities provided to labor in order to improve their working conditions.

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