21
Apr
April 21: Staying up-to date with the ever-changing legal and statutory requirements related to labour and tax laws can be quite challenging. Depending on the office locations, there is several central and state labour laws that companies need to comply with. Moreover, in India, each industry has its own set of rules and regulations, and penalties for non-compliance can be significant. Things to know about payroll compliances Payroll compliances cover income tax, provident fund, profession tax, ESIC, and labour welfare fund. Let’s look at some of the details. Income Tax Act Every employer is required to deduct witholding taxes (tax…
