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Due to payroll errors, our company failed to comply with the law, so we paid the penalty.
How can we ensure that our payroll- related statutory compliances are accurate?
It is challenging to stay on top of India’s constantly evolving payroll-related income tax rules.
How can we simplify the work of our administrative department and ensure that they are informed of all recent laws and regulations pertaining to payroll?
My organization’s focus is diluted by non-compliance due to payroll errors.
What measures can Paysquare take to ensure compliance with organizational objectives?
Making Payroll related statutory compliance services Easier with Paysquare
We can assist you.
You’ve come to the right place.
Our compliance experts are ready to help you.
Stay 100% compliant with our payroll related statutory compliance solution
Our solution is designed to make it easy for you to stay compliant with minimum wage laws and other payroll-related regulations, freeing you up to focus on running your business.
Ensure Compliance and Avoid Penalties with Professional Statutory Compliance Services
Our comprehensive payroll and statutory compliance Services help you avoid costly penalties and increase your business’s efficiency. With our hassle-free service, you don’t have to be concerned about staying up-to-date with new regulations from both central and state authorities. Our team of experienced professionals will take care of it for you!
Provident Fund
Boost the productivity of your business operations by utilizing our professional Provident Fund (PF) services.
Paysquare provides comprehensive services related to Provident Funds (PF) in India. We help our clients with a wide range of PF-related activities, including registration,UAN generation, filing, and submission of returns, payment of contributions to the Employees’ Provident Fund Organisation (EPFO), withdrawals and transfers, and report generation.
Our experts are knowledgeable about all Indian laws related to Provident Fund matters and can provide guidance on how best to comply with them.
- Paysquare assists companies with PF (Provident Fund) registration and voluntary PF registration.
- Handling all interactions with PF authorities, such as answering notifications, examinations, and evaluations.
- Our experts help companies generate a UAN (Universal Account Number) and complete the necessary KYC (Know Your Customer) process.
- Preparing and submitting monthly reports to client management.
- Tracking the Payment to the PF authorities through our inbuilt payment tracking module
- Assisting companies with making monthly contributions to the Employees’ Provident Fund (PF) involves helping them to correctly and timely remit funds to the relevant authorities.
- Any amendments related to provident fund act would be implemented to keep our clients compliant at all times
- Processing an electronic challan cum return and uploading the data to the Employees’ Provident Fund portal involves handling electronic documents and uploading information to an online portal.
- Any amendments related to provident fund act would be implemented to keep our clients compliant at all times.
Professional Tax
Maximize your tax potential and save time by utilizing location-based Professional Tax Services to eliminate the stress of being non compliant.
Paysquare’s in-built Professional tax calculator allows businesses to accurately calculate and deduct professional tax from employee salaries based on the employee location. The calculations are made in line with the rules and regulations set by the local State governments pertaining to PT, ensuring complete compliance with local tax laws.
Our experts will assist your company in managing the salary or work as a professional that must pay the professional tax assessed by Indian state governments.
- Generating state-specific Professional Tax (PT) numbers.
- Uploading information to the Professional Tax (PT) portal and generating challans.
- Preparing and presenting state-specific monthly reports to the client’s management team in cases where the employees are located in multiple states involves creating and submitting regular updates.
- Assisting companies with making monthly Professional Tax (PT) contributions involves helping them to correctly and timely remit funds to the relevant authorities.
- Paysquare’s in-built Professional Tax calculator allows seamless and error-free PT calculation and deduction, based on the employee location and in accordance with the State Government laws pertaining to the calculation of PT, while staying 100% compliant with local tax laws.
- Systematically handling notices, inspections, and assessments with authorities involves using a systematic and organized approach to responding to and addressing these types of communications from regulatory bodies.
ESIC (Employees’ State Insurance Corporation)
Gain access to top-notch healthcare services by utilizing the Employee State Insurance Corporation
These forms include the option to provide details about your family, which is important for beneficiary designation in the event of your death.
By keeping your KYC and nomination information up-to-date, you can ensure that you are compliant with relevant laws and regulations.
- Assisting companies with registering for the Employees’ State Insurance Corporation (ESIC) involves providing guidance and support throughout the process of becoming registered with this organization.
- Managing the necessary data upload to the Employees’ State Insurance Corporation (ESIC) portal and generating a payment challan.
- Generating a temporary Employees’ State Insurance Corporation (ESIC) identification number involves generating a unique identification number that is used temporarily until a permanent number is issued.
- Assisting companies with making monthly ESIC contributions involves helping them to correctly and timely remit funds to the relevant authorities.
- Calculating the Employees’ State Insurance Corporation (ESIC) contribution according to the applicable rates and rules involves using the relevant laws and regulations
- Systematically handling notices, inspections, and assessments with authorities involves using a systematic and organized approach to responding to and addressing these types of communications from regulatory bodies.
Labour Welfare Fund
Support and benefit your employees through the use of the Labour Welfare Fund.
The Labour Welfare Fund provides financial assistance to employees and their families in various forms, such as medical expenses, educational support, and marriage grants. At Paysquare, we have a dedicated team who strive to ensure that our customers receive timely access and the best possible service when it comes to Labour Welfare Funds.
We aim always to ensure our customers feel secure, supported, and taken care of from start to finish when dealing with us. This scheme ensures that workers are provided with the necessary resources for themselves and their families during difficult times.
- Assisting companies with registering for the Labor Welfare Fund (LWF) involves providing guidance and support throughout the process of becoming registered with this organization.
- Assisting companies with making monthly Labor Welfare Fund (LWF) contributions involves helping them to correctly and timely remit funds to the relevant authorities.
- Determining the Labor Welfare Fund (LWF) contribution according to the applicable rates and rules involves calculating the amount of money that a company or individual is required to contribute to LWF based on the relevant laws and regulations.
- Efficiently handling notifications, assessments, and investigations involves using a smooth and efficient approach to responding to and addressing these types of communications from regulatory bodies.
- Generating a report for management that outlines outstanding obligations that need to be settled involves preparing a document that lists any debts or responsibilities that have not yet been fulfilled.
- Tracking the Payment to the PF authorities through our inbuilt payment tracking module
With Paysquare, you will get
DeliziaHR ensures statutory compliance with all applicable payroll laws and regulations, such as those governing minimum wage, overtime pay, and taxes.
It provides automated calculation and deduction of taxes and other Payroll-related statutory deductions from employees’ salaries.
The system allows for the easy and accurate filing of Payroll-related statutory returns, such as PF, ESI, and TDS returns, to ensure compliance with government deadlines.
DeliziaHR maintains accurate records of all payroll transactions and Payroll-related statutory payments, which can be easily audited if required.
The software offers regular notifications and alerts for upcoming Payroll-related statutory statutory compliance Services deadlines, helping organizations to stay on top of their obligations.
It also provides various reports related to payroll statutory statutory compliance services india, giving the organization an overview of its compliance status.
With deliziaHR, organizations can be confident that they are meeting all statutory requirements related to payroll, helping them to avoid costly penalties and fines.
DeliziaHR is a cloud-based solution for human resources services.
Partner with a trustworthy Statutory Compliance company in India
Experience in super niche domains of payroll, compliance, and related services. Serving Statutory compliance services in 18+ countries.
Certified for ISAE 3402 (SOC 1 Type 2 (KPMG), ISO 27001 (BSI) GDPR Compliant company
Processing over 4,50,000 monthly employee records across 3000+ customers globally
A strong team of 700+ professionals
A home-grown payroll processing engine
Robust IT infrastructure with 2 data centers for BCP and Disaster Management
Exists for the last two decades
Insurances for E&O, CGL, WC, etc. Cyber Frauds
80% of our clients are associated with us for more than a decade
Real-success stories: See what our Clients have to say
“Paysquare a perfect match for us as a consultant to deliver the best to our client.
We found the implementation team very knowledgeable, supportive and very systematic.Paysquare is a very matured payroll processing solution and they have well paid down processes to manage first time as well as every months processing.”
Jeff Smith
Co-Founder & CTO
Centralized platform to manage payroll
Honestly , It has been an amazing experience working with Payroll team as on date…
We are very impressed with Paysquare team due to their ability to process payroll…
We have successfully completed the go-live for Altra India Payroll.I would like to…
We would like to take this opportunity to thank you for your continual support till date!
The most valuable service that we get from you is “peace of mind.” I know that once I…
Frequently Asked Questions
Statutory compliance in HR refers to the legal framework within organizations when treating its employees. It involves adherence to the laws connected with labor, wages, benefits, safety, and health, thereby keeping the company out of legal penalties. Through the statutory compliance services, companies find it easy to sail through this complex sea of regulations.
Compliance’s primary goal is to make sure that a company is operating within the structure of applied laws, regulations, and ethical standards. This basically involves the development of policies and processes to prevent any of the above infringements, detect any that occur, make corrections, and in return protect the company from possible legal risks and promote its good image to its stakeholders. Statutory payroll compliance ensures correctness of wages, appropriate tax deductions, and timely filings.
Statutory compliance services ensure the adherence to a wide range of legal activities. These services normally extend to payroll statutory compliance, labor law compliance, employee benefits administration, filing of returns and reports, handling of statutory registrations and renewals, and advisory services that keep businesses up-to-date with any change in law. Statutory compliance services in Bangalore, Hyderabad, Mumbai, Chennai, Pune, and other cities across India provide expertise in a localized manner to meet the regional regulations.
Statutory compliance is among the most critical functions of HR, one that ensures employment practices—right from hiring to termination—conform to concerned legislation. This would mean proper maintenance of employee records, correct wage and benefit payments to employees, management of statutory filings, and compliance audits. HR departments very frequently collaborate with statutory compliance consultants to keep themselves updated with changing regulations and best practices being followed.
Statutory compliance is the one that makes certain the functioning of a business enterprise under the legal framework drafted by the government. Businesses can be saved from legal encumbrances, monetary fines as well as damages to reputation on the crux of such statutory compliance. Not only this, but compliance also treats employees equally, ensures a congenial working environment, and brings about corporate social accountability. In India, statutory compliance amounts to a vice of ‘Operation with Integrity and Trust’.
The following steps outline the HR compliance process:
Identification of Applicable Laws: Knowing the laws and rules relevant to the business.
Policy Development: Development of policies and procedures in line with these laws.
Implementation: This involves training staff and implementing those policies across the organization.
Monitoring and audit: Regularly review practices, also conducting periodic audits to ensure ongoing compliance.
Reporting and Filing: Preparing and furnishing reports and filings with all regulatory authorities.
Updation Practices: Keeping an update on the legal changes and tweaking the policies in line with these changes.
The statutory compliance of payroll is one of the most important requirements for a business organization to deal with payroll activities: payment of wages accurately and within time lines, correct tax deduction as per statutory laws, and employment laws. It reduces or will even avert the potential legal penalties and financial loss with regard to the company’s reputation. Proper payroll statutory compliance will drive greater satisfaction and ingrain faith into the minds of the workers, thus contributing to a stable and motivated workforce.
Expertise: It means access to specialized knowledge and experience in dealing with complex legal requirements.
Effectiveness: Simplified process and lessened administrative load from internal HR teams.
Risk Management: Minimized chance of non-compliance and, therefore, penalties associated with such.
Cost Avoidance: Non-compliance penalties and legal fees avoided.
Focus on Core Activities: The business can focus on core operations while experts take care of regulations.
Wage and Salary Administration: Ensuring that payment is consistent with legal requirements. Tax Compliance: Calculate payroll taxes accurately and pay them in a timely manner. Provident Fund (PF) and Employee State Insurance (ESI)- Handling contributions and filings. Gratuity and Bonus: Computation and payment of statutory benefits. Labour Law Compliance: Adherence to different and diverse labour laws and regulation. Record Keeping: Maintenance of adequate and proper records relating to employees, which would be required in audit processes. Statutory compliance services are delivered in cities such as Bangalore, Hyderabad, Mumbai, Chennai, and Pune.
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