When you run payroll, being statutory compliant means that you are paying as per the applicable employment norms set by the Central and State Legislation. The common statutory requirements that apply to businesses include the provision for minimum wages, payment of overtime wages to workers, TDS deduction, contribution to social security schemes such as PF, ESI, etc.
We have departments handling all the functions to stay 100% compliant.
As a business function, it involves :-
