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Nov 3, 2022 · A compliance checklist is exactly what it sounds like – a detailed cognitive and comprehensive list used to aid in the completion of a procedure or task. It is essentially a guide to make sure that everything is running smoothly. Statutory compliance under various labour laws has to be ensured by establishments.
EVERY MONTH WHAT TO DO UNDER WHICH ACT IN WHICH FORM TO WHOM/WHERE 15 Remittance of Contributions EPF & MP Act, 1952 Challan to be generated ‘online’ Pay ‘online’ or by submission of challan with cheque in the authorised…
Dec 7, 2022 · Statutory Compliance Checklist for 2023: What should the employees know. When a company gives a thumbs up to statutory compliance in HR, its employees as the most important members get treated, exactly the way they deserve. Are you curious to know what sort of benefits statutory compliance brings?
Mar 19, 2021 · The compliance checklist for Private Limited companies is as follows: Event Based Compliances. These are triggered based on happening of certain events. There is paperwork that needs to be done for the same and there are various deadlines for these tasks.
1. Why is it important? 2. Need for Statutory Compliance. 3. Is it different for organization. 4. Advantages of Statutory Compliance. 5. Risk of non compliance. 6. Minimum Wages Act, 1948. 7. The Payment of Bonus Act, 1965. 8. Tax Deduction at Source (TDS) 9. Amendments to Maternity Benefit Act, 1961. 10. Equal Remuneration Act, 1976. 11.
Jun 30, 2023 · This comprehensive statutory compliance checklist serves as a valuable guide to ensure adherence to key laws related to employment, taxation, labor, data privacy, equal opportunity, and occupational health and safety.
Statutory Compliance with rules and regulations in payroll and HRMS is a grave legal matter for both employees and the organization’s social security. The Indian Government has declared various regulations and acts to process employee payments.
Mar 15, 2024 · The most critical elements of a statutory compliance checklist for HR include minimum wage compliance, working hours and overtime regulations, leave entitlements, employee benefits, workplace health and safety and anti-discrimination policies.
Statutory Compliance Checklist in 2023. As the regulatory landscape continues to evolve, HR professionals face the challenge of ensuring statutory compliance in their organizations. To navigate this complex terrain, it is essential to have a comprehensive checklist of the legal provisions and requirements that need to be fulfilled.
May 27, 2021 · Hence, we have created a checklist above and mentioned a few tips to help you cope up with the compliance demands of your organization. Stay up-to-date with the latest statutory compliance requirements for 2021. Download Paysquare's updated checklist to ensure your business is compliant.
