Streamlining India’s Payroll: Ensuring Compliance, Transparency, and Employee Satisfaction for a Seamless Work Environment and Financial Security.
Navigating Payroll Compliance in India
A comprehensive guide to understanding India’s payroll framework, covering statutory regulations, tax deductions, employee benefits, and best practices to ensure accurate payroll processing and compliance with labor laws.
Payroll Process Overview
Familiarize participants with the payroll cycle, employee compensation structures, and the end-to-end steps involved in payroll processing.
Salary Components
Provide a detailed breakdown of salary components, including basic salary, allowances, bonuses, and mandatory deductions, with examples of their calculation.
Taxation & TDS Compliance
Give a comprehensive understanding of statutory contributions such as Employees' Provident Fund (EPF), Employees' State Insurance (ESI), and other mandatory deductions as per law.
Statutory Contributions
Give a comprehensive understanding of statutory contributions such as Employees' Provident Fund (EPF), Employees' State Insurance (ESI), and other mandatory deductions as per law.
Leave and Attendance Management
Explain how to track and manage employee leave balances, calculate leave payouts, and integrate attendance systems into payroll processing.
Labour Law Compliance
Ensure awareness of key labor laws such as the Minimum Wages Act, Payment of Wages Act, and applicable state-specific regulations for payroll compliance.
Employee Benefits & Gratuity
Discuss how to calculate gratuity, manage employee retirement benefits, and ensure compliance with statutory entitlements.
Payroll Reporting
Understand statutory payroll returns, the various reports required for compliance, and the importance of adhering to filing deadlines.
Audit & Recordkeeping
Highlight best practices for maintaining accurate payroll records and how to prepare for internal or external audits.
