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What is Statutory Compliance? Definition & Guide | TMS

Statutory Compliance Services in India — EPF, ESIC, Professional Tax & Labour Law Management

Statutory compliance in India isn’t optional — and it isn’t simple. EPF, ESIC, Professional Tax, Labour Welfare Fund, TDS, minimum wages, and labour law registers all carry separate deadlines, rates, and penalties. TMS manages the full compliance stack for companies of all sizes, across all states.

What Statutory Compliance Covers in India

Statutory compliance spans every legal obligation an employer has toward employees and regulators:

  • Provident Fund (EPF & EPS): 12% employer + 12% employee contributions, ECR filing by the 15th, UAN management and passbook access
  • ESIC (Employee State Insurance): Coverage for employees earning up to ₹21,000/month, contributions filed monthly, IP registrations managed
  • Professional Tax: State-wise PT deductions applied at the correct slab — varies across Karnataka, Maharashtra, West Bengal, Telangana, and other states
  • Labour Welfare Fund (LWF): State-specific LWF deductions and remittances on applicable schedules
  • TDS on Salary: Section 192 tax deduction, monthly challan deposits by the 7th, quarterly returns, Form 16 issuance
  • Minimum Wages: Central and state minimum wage notifications tracked and applied by industry, zone, and skill category
  • Labour Law Registers: Shops & Establishments, Factories Act, Contract Labour (R&A) Act — registers maintained and returns filed
  • Gratuity & Leave Encashment: Correct provisioning and payment on exit as per the Payment of Gratuity Act

Key Compliance Deadlines You Can’t Miss

  • 7th of every month: TDS challan deposit — late deposit attracts interest at 1.5% per month
  • 15th of every month: EPF ECR filing and ESIC contributions due
  • Quarterly: TDS returns (24Q) and ESIC half-yearly returns
  • June 15th annually: Form 16 must be issued to all employees
  • Within 30 days of exit: Full-and-final settlement with gratuity (where applicable)
  • State-specific: PT payment deadlines vary — monthly in Maharashtra, annual in some others; LWF cycles differ by state

How TMS Manages Your Statutory Compliance

1

Compliance Mapping

We map every applicable statute to your company’s locations, headcount, and industry — building a complete compliance calendar for your organisation.

2

Monthly Processing

EPF ECRs, ESIC returns, PT payments, and TDS challans filed accurately and on time every month — tracked against your compliance calendar.

3

Regulatory Monitoring

Wage revision notifications, rate changes, and new compliance requirements flagged proactively — your payroll parameters updated before deadlines arrive.

4

Reporting & Audit Trail

Monthly compliance reports with challan copies, ECR acknowledgements, and filing confirmations — everything you need for an internal or external audit.

Why Businesses Trust TMS for Statutory Compliance

Zero Penalties

Our compliance calendar and dedicated filing team mean deadlines are never missed — protecting you from interest charges and regulatory action.

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All 28 States + UTs

State-specific PT slabs, minimum wages, and LWF rates applied correctly across every location you operate in.

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Registers & Returns

All statutory registers maintained digitally and filed on time — Shops & Establishment, Factories Act, Contract Labour and more.

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Audit-Ready Always

8 years of payroll and compliance records maintained with full audit trail — ready for labour inspector visits or statutory audits.

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Proactive Alerts

Regulatory changes — revised minimum wages, new PT slabs, EPF rule updates — flagged and applied before they affect your payroll.

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Dedicated Compliance Manager

A named specialist who knows your compliance profile across all locations — not a generic support desk.

Get Your Statutory Compliance Under Control

Tell us your locations, headcount, and current compliance gaps — we’ll map out exactly what needs to be done and how TMS can take it off your plate.

Get a Free Compliance Review
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