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, performance…
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 Introduction However, Indian business laws: covering employment, tax and statutory contributions, can feel complex, but the essentials are manageable once broken down. This guide makes the key rules easy to understand. Expanding into the Indian market? Great move! With its…
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PF Compliance for Employers in India: 2026 Guide to the ₹25,000 Wage Ceiling
PF Compliance for Employers in India: 2026 Guide to the ₹25,000 Wage Ceiling Quick answer: PF compliance means registering your establishment with EPFO, enrolling eligible employees, deducting and depositing contributions every month, and filing the monthly return (ECR) by the 15th. Since 17 September 2026…
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ESIC for Employers: Rules, Rates and Coverage 2026
ESIC for Employers: Rules, Rates and Coverage 2026 Quick answer: ESIC applies to factories and notified establishments with 10 or more employees. It covers employees earning up to ₹21,000 a month (₹25,000 for persons with disability). The employer pays 3.25% and the employee 0.75% of…
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Professional Tax Compliance: A State-by-State Guide
Professional Tax Compliance: A State-by-State Guide Introduction Professional tax (PT) is a state-level tax on income from employment. Rules differ across states. This state-by-state guide helps employers deduct, deposit and file PT correctly. When it comes to managing payroll and employee-related taxes, Professional Tax (PT)…
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LWF Full Form: Meaning in Salary Slip and State-Wise Rates 2026
LWF full form: meaning in your salary slip and state-wise rates for 2026 LWF stands for Labour Welfare Fund. It is a small amount deducted from an employee’s salary and matched by the employer, paid to the state Labour Welfare Board. The board uses it…
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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 Introduction However, TDS compliance for employee salaries means deducting the right tax each month, depositing it on time. Filing accurate returns. This step-by-step guide shows employers how to get it right. Managing Tax Deducted…
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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 Introduction Non-compliance with Indian labour laws exposes employers to penalties, back-pay claims and reputational damage, and the risks have grown under the new Labour Codes. This guide breaks down what is at stake.…
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Benefits of Outsourcing Statutory Compliance to Experts
Outsourcing statutory compliance means handing your PF, ESIC, professional tax and labour-law filings to a specialist provider who owns the deadlines. You keep the liability as the employer. The provider keeps the calendar, the filings and the audit trail. In today’s fast-paced business world. Managing…
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Why Every Company Needs Clear HR Policies
Why Every Company Needs Clear HR Policies Introduction Written HR policies do three things at once. They tell people what is expected of them, they make sure two employees in the same situation get the same answer, and they keep the company on the right…