We write about employees, HR, payroll, and compliance.
“In this world, nothing is certain except for Death and Taxes” – Benjamin Franklin.
Let’s face it. Nobody loves taxes. But, we have to admit it’s a necessary evil and like in all the countries of the world, companies in India also have to adhere to a set of compliance laws. In this post, we are going to simplify Payroll Compliance Laws of India. Labour laws govern employee remuneration standards, social security benefits, Industrial relations, contractual/temporary employment, working conditions, occupational safety & health and lastly mandates some reporting requirements at fixed intervals.
In last few years, many organizations, big and small, across segments have made a shift in their HR tools to make their processes more efficient. The trend is to move from spreadsheet based payroll to cloud payroll solution. There are several benefits such as anytime-anywhere access, ease of use, employee collaboration, and easier retrieval of records.