Statutory Compliance for Payroll in India - An Introduction

This course would provide a detailed overview with required resources about the statutory compliance requirements pertaining to 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 per form 281. It also covers the procedure to file quarterly returns as per the form 24Q with the Income Tax department. Annual return with the ESIC and as per the Payment of Bonus Act. It also provides a detailed description of filing state-level returns for the 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.