Statutory Compliance Services

Our Statutory Compliance Services are designed to help businesses seamlessly adhere to the complex framework of labor laws and regulations. Managing statutory compliance effectively is essential for avoiding legal complications and ensuring employee well-being.

Key Components

Provident Fund (PF): A social security scheme aimed at providing financial stability to employees post-retirement and employers and employees contribute a specific percentage to the PF fund monthly.
Employees' State Insurance Corporation (ESIC): ESIC provides medical, sickness, and maternity benefits to employees earning below a certain salary threshold and contributions are made by both employers and employees based on the employee’s gross salary.
Professional Tax (PT): A tax levied by state governments on salaried individuals, professionals, and businesses and employers are responsible for deducting and remitting PT on behalf of employees. Labour Welfare Fund (LWF): A welfare initiative aimed at improving the working conditions of employees and contributions are made periodically by employers and employees, varying by state.