A lot of your organization’s time, effort, and money goes into ensuring that payroll is compliant through a statutory audit. From employee fair treatment of labor to protecting the company from unreasonable wage or benefit demands from trade unions or aggressive employees, every company faces a worrying number of potential legal issues relating to compliance. However, it may never be a company’s intent to break these laws, but without the necessary protection, it may easily slip through the cracks.
Every country has its own set of state and central labor laws that companies need to comply with. Dealing with statutory compliance requires companies to be updated on all the labor regulations in their country. It is also mandatory for companies to adhere to them. Non-compliance with these regulations can cause a company a lot of legal and financial trouble such as penalties and fines.
That is why every company invests a huge amount of money, effort, and time to meet compliance requirements from professional tax to provident fund , gratuity etc. To help in this, the company seeks expert advice from labor law and taxation law experts.
The complexity of doing business has increased tremendously and it has become very challenging to be in sync with the operational aspect of every business. As mentioned earlier, organizations seek the help of statutory compliance experts whose main focus is to be compliant with the ever-changing regulatory environment.
We provide statutory compliance management services or payroll compliance services in India and have a deeper understanding of the regulatory setting and provide specialized services to organizations. They streamline the process right from the day-to-day maintenance of prescribed forms and registers to the filing along with reports.
We provide coverage to the following Acts:
Note:- Call us today for a free quote or demo on Labour Law Compliance.