Statutory Compliance for Payroll in India – An Introduction

Detailed overview of all statutory compliance requirements related to Payroll processing in India

This course would provide a detailed overview with required resources about the statutory compliance requirements pertaining to the payroll processing in India. The course focuses on Eight main compliance requirements that the payroll department has to deal with. It includes Monthly returns to be filed with the Provident Fund (PF) and Employees state insurance (ESI) and Income Tax department (IT) as for 281. It also covers the procedure to file quarterly return as per for 24Q with the Income Tax department. Annual return with the ESIC and as per the Payment of Bonus Act. It also provides detailed description of filing state level returns for Profession Tax and Labor Welfare Fund for the state of Karnataka.

What you’ll learn

  • Various statutory compliance requirements for Payroll departments in India.
  • Computation of contribution amount.
  • Things to remember while filing returns.

Course Content

  • Introduction –> 1 lecture • 2min.
  • Compliance Requirements (Monthly) –> 6 lectures • 35min.
  • Compliance Requirements (non-monthly) –> 11 lectures • 48min.
  • Summary –> 1 lecture • 5min.

Statutory Compliance for Payroll in India - An Introduction

Requirements

  • The learners should have knowledge about payroll processing in India.

This course would provide a detailed overview with required resources about the statutory compliance requirements pertaining to the payroll processing in India. The course focuses on Eight main compliance requirements that the payroll department has to deal with. It includes Monthly returns to be filed with the Provident Fund (PF) and Employees state insurance (ESI) and Income Tax department (IT) as for 281. It also covers the procedure to file quarterly return as per for 24Q with the Income Tax department. Annual return with the ESIC and as per the Payment of Bonus Act. It also provides detailed description of filing state level returns for Profession Tax and Labor Welfare Fund for the state of Karnataka.

With each compliance requirement, there is a document called ‘ Understanding Compliance’ which provides additional information about the respective compliance requirement. The resources also include the templates of various forms that need to be filled up for filing the returns and also a compliance calendar which helps the payroll executives to have a chronological view of all the compliance requirements to be fulfilled.

The Payroll executives can refer to the course to get familiar with the minimum details required to be known about each compliance requirement.