The Payment of Wages Act, 1936
The company may end up having a financial implication or a risk of prosecution or IR issues triggered. Even a small non-compliance could cause significant damage to the reputation of the company.
Naithik HR with its expertise, adequate skill sets, Pan-India presence, well defined process and with appropriate technological support could facilitate Payroll Compliance Services (PCS). The spirit behind the following legislations would be taken care of through this service:
The Payment of Wages Act, 1936
The Minimum Wages Act, 1948
The Employees' Provident Funds and Miscellaneous Provisions Act 1952
The Employees' State Insurance Act, 1948
Various State enactments on Professional Tax
Registrations, amendments and renewals
Processing wage data for generating contribution challan
Online timely remittance of statutory contributions
Filing statutory returns as per statutory timelines
Maintenance of relevant statutory registers and other records
Transfer-in, transfer-out and settlement of EPF accounts
Compliance under various ESI sub codes
Generation and dissemination of customer specific error-free data, MIS and statutory documentation
Assistance to the employees in processing applications for getting rightful benefits
Foster rapport and sustained coordination with diverse authorities
Facilitate clients in efficiently handling inspections by authorities.
Help desk for pay roll related compliances (only in exclusive resource model)