STATUTORY COMPLIANCE

Companies, big and small must adhere to statutory laws and regulations to keep the businesses out of any legal trouble and avoid penalties. Keeping a track of changing government norms and regulations always is not easy and is a challenge in most companies.

Paysquare offers a range of statutory compliance services to help companies deal with such challenges. This includes, but is not limited to, your – Provident Fund, ESIC, Professional Tax, Labour Welfare Fund and other statutory deductions applicable for your particular organization.

Paysquare’s dedicated Compliance Team keeps track of changing laws and updates the clients of the same apart from managing all the regular monthly activities. Through our services, we minimize the risk associated with non-compliance.


ACTIVITIES COVERED

  • Registration of the company with Provident Fund, Professional Tax, Employee State Insurance, Labor Welfare Fund Authorities
  • UAN Updation.
  • Calculation & Deduction of the respective statutory dues
  • Preparation Statutory Reports/Registers.
  • Preparation of requisite challan
  • Preparation and Filing of Monthly, Half Yearly, Annual and random returns
  • Preparation of professional tax report as per different states
  • Collation and compilation of employee's documents for Registration, Nomination, Transfer, Withdrawal and Pension
  • Liaison with Statutory bodies


TAX DEDUCTED AT SOURCE (TDS)

  • In the month of April / at the time of joining, employees to declare their investments on Paysquare to "mypayroll"
  • Paysquare to update the payroll system with the investment declarations received from employees
  • Compute the Tax from April to Dec as per the investment declarations and for Jan to March based on actual investment proofs
  • Verify the validity of investment proofs from the angles of
    A. Date of Investment. B. Payee C. Type of Investment.
  • Prepare quarterly and annual e-TDS returns and submit the necessary data to NSDL.
  • Form 16 in digital manner will be issued by Paysquare at the end of financial year.



OUR SERVICES

  • Calculation and deduction of all statutory payments (TDS, PF, PT, ESIC, LWF)
  • Upload of data on respective websites and generate the challans
  • Filing of transfer & withdrawal forms for PF
  • Filing of returns with Govt. agencies.



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