The Rule Most Companies Are Still Ignoring The Code on Wages defines “wages” as at least 50% of an employee’s total remuneration. This means basic pay plus dearness allowance must constitute at least half of the Cost to Company. Allowances — HRA, conveyance, special allowance,…
Category: Statutory Compliance
Statutory compliance guides from TMS – EPF, ESIC, Professional Tax, LWF, the new labour codes and HR compliance checklists for Indian employers.
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Understanding Indian Laws Made Easy
Understanding Indian Laws Made Easy Understanding Indian Labour Laws Made Easy: A Simple Guide Introduction Expanding into the Indian market? Great move! With its booming economy and immense potential, India offers businesses incredible opportunities. However—and it’s a big however—compliance with Indian labour laws can feel…
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Common Challenges in Statutory Compliance and How to Overcome Them
Common Challenges in Statutory Compliance and How to Overcome Them Common Challenges in Statutory Compliance and How to Overcome Them Introduction Statutory compliance is like the lifeline of every business—essential yet intricate. Whether you’re a startup or an established corporation, navigating the maze of Indian…
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A Comprehensive Guide to Provident Fund (PF) Compliance
A Comprehensive Guide to Provident Fund (PF) Compliance A Comprehensive Guide to Provident Fund (PF) Compliance Introduction When it comes to statutory compliance in India, Provident Fund (PF) compliance is a cornerstone. Whether you’re running a small startup or managing a large enterprise, ensuring compliance…
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Employee State Insurance (ESIC): What Employers Need to Know
Employee State Insurance (ESIC): What Employers Need to Know Employee State Insurance (ESIC): What Employers Need to Know Introduction Employee welfare isn’t just a nice-to-have—it’s a legal necessity. In India, Employee State Insurance (ESIC) is one such critical welfare scheme that provides medical, financial, and…
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Professional Tax Compliance: A State-by-State Guide
Professional Tax Compliance: A State-by-State Guide Professional Tax Compliance: A State-by-State Guide Introduction When it comes to managing payroll and employee-related taxes, Professional Tax (PT) is an important compliance requirement for businesses in India. While the term “professional tax” might sound intimidating, it’s essentially a…
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Labour Welfare Fund: Contributions and Compliance Explained (2026)
Labour Welfare Fund: Contributions and Compliance Explained (2026) Labour Welfare Fund: Contributions and Compliance Explained (2024) Introduction As of 2024, Labour Welfare Fund (LWF) continues to play a significant role in improving employee welfare in India. This statutory contribution ensures funding for initiatives like housing,…
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How to Manage TDS Compliance for Employee Salaries: A Step-by-Step Guide
How to Manage TDS Compliance for Employee Salaries: A Step-by-Step Guide How to Manage TDS Compliance for Employee Salaries: A Step-by-Step Guide Introduction Managing Tax Deducted at Source (TDS) compliance for employee salaries is a critical aspect of payroll management for every organization in India.…
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The Risks of Non-Compliance With Indian Labour Laws: A Guide for Employers
The Risks of Non-Compliance With Indian Labour Laws: A Guide for Employers The Risks of Non-Compliance With Indian Labour Laws: A Guide for Employers Introduction Labour laws form the backbone of fair workplace practices and employee rights in India. However, non-compliance with these laws can…
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Benefits of Outsourcing Statutory Compliance to Experts
Benefits of Outsourcing Statutory Compliance to Experts