Payroll and establishment compliance in India directs to the legal framework that the companies must comply with concerning the treatment of their employees. A good part of the company's finance and time is contributed to safeguarding compliance with the laws. Everything from being compliant to the payment of the minimum wage to maternity benefits or provident funds requires enough time but expertise who can brief on all of these compliance criteria. Therefore, the companies dealing with payroll compliances must be well-versed with several labour laws or rules in India.
The necessary statutory compliances are listed here:
The benefits of the payroll compliances are as follows:
The disadvantages of non-compliance with the payroll compliance are as follows: