If your business operates a factory or manufacturing unit in India, factory compliance is not optional—it’s a legal necessity. From health and safety laws to factory registration and labour record maintenance, every business must follow a strict set of regulations under the Factories Act, 1948. Non-compliance can lead to heavy penalties, plant shutdowns, or even […]
If your total tax liability for FY 2025–26 exceeds ₹10,000, advance tax applies to you. The first instalment, accounting for 15% of your estimated tax, must be paid by 15th June 2025. Missing this deadline can attract interest and penalties under Sections 234B and 234C of the Income Tax Act. Who Should Pay Advance Tax? […]
Want to understand how labour laws in India affect your business or job? Whether you’re an HR professional, entrepreneur, or employee, understanding the Indian Labour Act is essential for staying compliant and protected in the workplace. What Is the Indian Labour Act? The Indian Labour Act refers to a system of Indian law pertaining to […]
In India’s changing financial environment, business people and citizens alike need to remain tax-compliant to prevent penalties and facilitate smooth business. But the Indian taxation system tends to be cumbersome, particularly when you are not sure about the distinction between direct tax and indirect tax. Whether you are an entrepreneur, a head of finance, or […]
Operating a business involves immense responsibilities, proper HR statutory compliance is among the most significant. In simple terms, it refers to compliance with all labour laws required by the government in dealing with employees. Most companies take compliance for granted—until issues arise. Yet, being compliant is no technicality. It protects the business, sustains the staff, […]
What is ISD (Input Service Distribution)? you’ve probably heard the term ISD while dealing with GST stuff, right? And honestly, at first glance, it sounds like one of those complicated tax jargons. But it’s not that bad once someone explains it in a simple way. So here goes. Let’s break it down ISD. ISD stands […]
Understanding Actuarial Valuation of Gratuity If you have a team that’s been around for some time, you already know that gratuity isn’t simply a nice-to-have — it’s also a legal requirement. But when it comes to financially preparing for it, most companies tend to wait until the event happens. And that’s where actuarial valuation comes […]
The shift to remote work has created new challenges for businesses in maintaining HR compliance. While remote work offers flexibility and productivity benefits, companies must ensure adherence to employment laws, payroll compliance, data security, and workplace safety, even outside a traditional office setting. For Indian businesses, compliance with regulations such as the Shops and Establishments […]
A positive work culture is the foundation of a successful organization. It fosters employee engagement, productivity, and long-term business growth. However, without HR compliance, even the best work culture can be at risk. Compliance ensures that companies adhere to legal regulations, protect employee rights, and create a fair and transparent workplace. In India, HR compliance […]
Labour law compliance is often overlooked by small businesses in India, either due to a lack of awareness or the assumption that these laws only apply to large corporations. However, non-compliance can result in heavy penalties, lawsuits, and business disruptions. With the introduction of the Labour Codes 2020, the Indian government has simplified and consolidated […]
HR compliance is a critical aspect of managing employees and business operations. HR managers must ensure that company policies align with legal requirements to avoid penalties, lawsuits, and reputational damage. In India, with the introduction of the Labour Codes 2020, compliance has become more structured, but businesses must still adhere to laws related to wages, […]
The Employee Provident Fund (EPF) is a social security scheme that provides financial security and retirement benefits to employees in India. Managed by the Employees’ Provident Fund Organisation (EPFO) under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, the scheme ensures that both employees and employers contribute towards a retirement corpus. For businesses, EPF […]
Leave policies play a crucial role in maintaining a healthy work-life balance and ensuring employee well-being. In India, labour laws mandate specific types of leave, such as casual leave, earned leave, sick leave, and maternity leave, which employers must adhere to. A well-structured leave policy not only ensures compliance with legal requirements but also enhances […]
Ensuring fair compensation for workers is a fundamental aspect of labour laws. In India, minimum wage regulations vary across states and industries, making compliance essential for employers. The Minimum Wages Act, 1948, and the upcoming Code on Wages, 2019, govern wage policies across different job sectors. This article provides a state-wise and sector-wise breakdown of […]
Minimum wage laws play a crucial role in safeguarding employees’ financial well-being and ensuring fair compensation across industries. In India, minimum wages are regulated under the Minimum Wages Act, 1948 and vary across states, industries, and skill levels. With the upcoming implementation of the Code on Wages, 2019, minimum wage laws are expected to become […]