The statutory compliane are difference in various states, typically statutory followed all the states are 1. Provident fund 2. ESIC 3. Professional tax/service Tax 4. Bonus Act 5.Gratuity 6.
A statutory body is a company or organization created by law, or statute, in order to regulate or carry out a public function. Examples of statutory bodies include the Airport Authority of India, the Food Corporation of India and the National Highway Authority of India.
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There may not be these kind of problems because some of the companies like ADP India also provides Hr outsourcing along with statutory compliance also.They will keep track incase if any changes in the regulations occurs,so there will not be any compliance problems.
Compensation updatesIssuance of form 16Year-End Investment Proof collection and verificationAssistance during PF inspections and AuditsRegular Statutory UpdatesThese are some of the activities of Statutory Compliance Management from company like ADP India.
Compliance management system from company like ADP India provides the features such as Statutory Compliance Audit Factory compliance Services CLRA Management Trust Management
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Compliance with regs.
A statutory body is a company or organization created by law, or statute, in order to regulate or carry out a public function. Examples of statutory bodies include the Airport Authority of India, the Food Corporation of India and the National Highway Authority of India.
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RBI is a statutory body formed under the Reserve Bank of India Act 1934 and not a constitutional body.
An emerging HR trend in the last year from western companies is to outsource their labor to India. In India, there are often call centers that operate in English.
Reserve Bank of India , Life Insurance Corporation of India , and Railways