Statutory Compliance In Mumbai

At Paysquare, we offer compliance services for companies to stay safe and up to date with the legal framework.

    Statutory Compliance in Mumbai

    Ensuring that your company is always complying with rules is always a plus point for it, not only it avoids lawsuits, but it also allows your business to have a more organized workflow. We understand that statutory compliance might not generate revenue, but it is equally important as any other activity. It is feasible to hire a third-party provider for such services. If your firm is looking for statutory compliance service providers in Mumbai, log onto our website and get in touch with us.

    It is important to be up to date with the ever-changing laws in India and altering your entire business operation can be very problematic. Therefore, we at Paysquare can handle your statutory compliance tasks very efficiently along with allowing no disruptions. Hiring providers to cater to such services allow you to focus on the core activities and make your business grow. Keep reading to know how Paysqaure

    How Paysquare can aid in statutory compliance and help your business

    Tackling with lawsuits is very stressful along with causing a disruption in your day-to-day operations. It is vital to avoid them and steer clear of any potential risk.

    At Paysquare, you save a fortune as hiring third party for such services is also cost effective. When your firm partners with us, we make sure that your business is within the bounds of laws and keep your firm organized.Here are some ways how

    you can benefit:


    Indian laws are very strict with rules. If your firm is not coordinating with the legal system, you may have to deal with a lot of penalties and fines. Not only will this cause irreversible damage to your reputation but hiring legal aid and paying off fines will lose you a big fortune. Team with Paysquare and avoid all hurdles.


    As we know, workforce, office spaces, etc. require a lot of funding. Setting up for one particular service takes a lot of time, effort along with funding. However, Paysqaure is affordable and cost effective.


    A major role falls off your shoulders and you can invest that time in growing your business.


    Hiring people from a third party, allow you to have a different approach to work and therefore, you can benefit from the same.

    How Paysquare can assist your firm

    Paysqaure is the go-to service provider when it comes to statutory compliance in India. Our work methods are like no other and our clients are witness of quality assurance that we deliver. Here are some examples as to how our firm is the best in the market for such services:


    When you cannot keep up with laws and take appropriate action, Paysquare comes into the picture. We keep all laws at the tips of our fingers, and we make sure your business has made all necessary changes according to Indian laws.


    You get to avail the best service when it comes to statutory compliance, there is no room for error in our services.


    You remain the head of controlling. Even though, we take care of one the most important activities of your business, you still have overall control and are free to make whatever changes you wish for.

    If your firm is located in Mumbai, we at Paysquare will be happy to assist you. Hop onto our website and see how our services can benefit you. Not only do we offer statutory compliance service, but we also have many more services you can enjoy. Paysqaure ensures to provide you with quality services and assists your business in carrying out operations risk free!


    The most valuable service that we get from you is “peace of mind.” I know that once I…

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    Human Resources


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    Sr. Manager – Finance


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    Senior Manager


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    Senior Operation Manager


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    HR Business Partner India


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    Frequently Asked Questions

    What is Statutory Compliance?

    Statutory compliance is a legal framework that every organization needs to adhere to. Across most companies, it is observed that statutory compliance management in india has reached very important proportions Several times statutory compliance services are also called as legal compliance management.
    In the area of statutory compliance management india is really taking notice and most companies are putting in place a comprehensive strategy to address their statutory compliance and legal compliance requirements. Statutory compliance management in India is not a choice but is mandatory for companies of all sizes.
    There are usually statutory compliances with reference to both payroll and accounting. In terms of payroll, there are clear mandates as to PF deductions, EPF participation, Profession tax payments, TDS deductions to be made, Returns to be filed based on TDS deducted etc. Each process needs to be done within its respective deadlines and non-adherence to the same can result in penalties and fines. Every business wants to focus on their growth and does not want to get involved in managing litigations and disputes, especially when it comes to the regulatory bodies.
    In several organizations, in-house staff keep track of several of these statutory compliance services, but they may not be well equipped to be doing this on a regular basis. There are several occasions where regulations change frequently and you need some expert advice to get a correct interpretation of what this change means to your company. When you work with capable companies offering statutory compliance services india, you do not need to worry about any of your compliances. All of them are taken care of and within the prescribed deadlines.
    Here are some of the pertinent statutory compliances which need to take care basis on industry and segments
    • Factories Act
    • PF & Misc Provision Act
    • ESI Act
    • Minimum Wages Act
    • Bonus Act
    • Contract Labour Regulation and Abolition Act
    • Professional Tax Act
    • Shop and Establishment Act
    • Labour Welfare Fund
    • Maternity Benefit Act
    • Payment of Wages Act
    • Other Labour Regulations as applicable to the establishment

    Why Statutory Compliance Management is Important?

    Statutory compliance management in India is not a choice for organizations. It is mandatory. Non-compliance can result in penalties and fines. As an organization, you do not want to get into the bad books with regulators. It is important to understand the clauses of different acts that you need to comply with and plan steps to implement that compliance across operations.
    Planning to meet all the statutory compliances is not an easy task as regulations do change often and it is important to track the changes and also interpret what they mean for your business. Wrong interpretations often create even more confusion and leads to non-compliance.
    As an organization focusing on business goals, it can be very disheartening to get pulled down by penalties, govt. notices and disputes. It is every business owner’s goals to stay away from all these complications and focus solely on their business growth. Having a capable partner like Paysquare, who can manage end to end statutory compliance services is very helpful. Business owners are then able to spend quality time on growing their business and engaging with customers.
    Paysquare is one of compliance outsourcing companies in India which takes care of all statutory compliance activities required as per government norms. Paysquare also manages all statutory compliance in HR, manage TDS deductions through investment declarations and automatically calculate salaries after TDS deduction while processing payroll. In addition, it allows you to capture Challans and generate form 16 and form 24Q to manage all your statutory compliance with ease and efficiency.

    What Are Benefits / Features Of Statutory Compliance From Paysquare?

    Paysquare offers end to end payroll outsourcing and accounting outsourcing services. When you engage with Paysquare all of the elements involved in payroll processing are already getting addressed. Paysquare also offers statutory compliance services. If the same vendor is also managing end to end compliance services, it becomes all the more beneficial. The entire ownership of payroll and the related statutory compliances stays with one vendor.
    Paysquare has been in business for over 17 years and they have a very good domain knowledge of payroll. Over the years, they have also built a lot of technology and automation to streamline payroll management and statutory compliances for its clients. When clients sign up with Paysquare, they can easily benefit from the immense domain knowledge they have in the field of payroll and statutory compliances.

    What is Payroll Company?

    Every business, small, medium or large needs to process salary payments (payroll) to its employees. This process of doing the entire payroll calculations including tax deductions applicable and the end to end process of managing all the filing and compliances related to the payroll is called payroll processing. A company that offers payroll processing as a service is typically called payroll company. A payroll company make it easy for small, medium u0026 large businesses to streamline their business operations. Paysquare is a leading payroll company in India, which helps organizations in end to end payroll processing. From payroll calculations to tax deductions to finalizing bank files for depositing employees’ salary directly to their bank accounts, Paysquare does it all. Along with all this, Paysquare also provides web based access to employees and HR admins, where they can access their payslips and tax related information through secure logins.

    What are the features of Payroll Outsourcing company?

    Payroll outsourcing companies help you to improve productivity by saving time, efforts and costs incurred for carrying out payroll operations in-house. Payroll outsourcing companies have a wide range of payroll specialization for different industries, like for e.g. some organizations offer flexible savings accounts, or retirement account options, and some provide specific tax saving proposals, insurance payments helping the business owner to deliver efficient payroll through better productivity.

    Improved efficiency of employees

    Payroll outsourcing companies process the payroll day in and day out with the high availability of expert pool and better awareness of technical and legal norms. Efficiency is achieved by outsourcing to specialized payroll experts ensuring timely and accurate payroll processing.

    Accurate tax returns filing

    Tax returns are filed accurately and on time to ensure that there are no compliance related issues. Cost savings is one of the major benefits delivered by payroll outsourcing companies. High penalties can be avoided by making sure that tax returns are filed on time and accurately.

    Using best of technology

    Payroll outsourcing firms use latest and advanced software programs for payroll processing, tax computation for minimizing errors and delays. This ensures high degree of automation in the entire payroll processing process and ensures that manual errors are minimized or eliminated.

    Kick-Start Your Payroll Outsourcing Journey With Us.

    Let us sit together for a quick walk through of the payroll and HR solutions, we have on offer for you.

    Kick-Start Your Payroll Outsourcing Journey With Us.

    Let us sit together for a quick walk through of the payroll and HR solutions, we have on offer for you.

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