Payroll Compliance Services
Our Payroll Compliance Services help ensure payroll operations comply with all necessary regulations and close any gap in compliance on wage entitlements of employees.
Who Needs Payroll Services?
Payroll Services are essential for any organisation looking to outsource the Payroll Services just crafted for their unique business requirements. It doesn’t matter if it’s a small business or a large corporation; Payroll Services are necessary to ensure that employees receive their pay checks accurately and on time. Business owners and managers may find payroll processing time-consuming and complicated, so outsourcing Payroll Services are becoming increasingly popular.
ComplianceTrack, with its expertise, adequate skill sets, pan-India presence, well-defined process, and appropriate technical support, facilitates meticulous payroll compliance in India.
- Business start-ups
- Mergers & acquisitions
- Closure of business, legal entity, factories, offices, mines etc
- Varied business models
- Businesses with a presence across different locations
What We Do
- Obtain/amend EPF, ESI, & EPT codes
- Generation of Universal Account Number (UAN) in EPF
- Generation of Insured Person Number (IPN) in ESI
- Generation of Monthly Statutory Challans
- Facilitating employees for KYC updation in the portal
- Facilitating employees for online transfer of accounts between companies
- Facilitating employees to avail EDLI benefits on the applicability
- Coordination support for accident-related compliances
- Coordination support for availing benefits from ESI & EPF
- Preparation and submission of Statutory Returns under EPT
- Remittance of Statutory Payments under EPT
- Tech enablement of Payroll Compliance Tasks with a robust automation tool
Why Do You Need Payroll Compliance Services?
- Risk Management: Non-compliance with payroll-related laws and regulations can result in legal and financial risks. Payroll Compliance Services assist in managing these risks by ensuring compliance with all relevant labour laws and regulations.
- Time-Saving: Payroll management compliance can be a time-consuming task, especially for organisations with a large workforce. Payroll Compliance Services help save time by handling all aspects of payroll compliance, allowing organisations to focus on their core business activities.
- Cost Savings: Non-compliance with payroll-related laws and regulations can result in legal penalties, fines, and reputational damage. Payroll Compliance Services help organisations avoid these costs and focus on their core business activities.
- Ethical Responsibility: Organisations have an ethical responsibility towards their employees to ensure they receive their rightful wages and benefits. Payroll Compliance Services help organisations meet these obligations and promote a positive image.