Frequently Asked Questions

Simply contact us, and our payroll experts will guide you through the onboarding process, from data migration to setting up a customized payroll management system for your business.

We follow strict data security protocols, including encryption, access controls, and ISO-certified processes, to protect sensitive payroll information.

Our payroll system automatically calculates and processes bonuses, incentives, and reimbursements based on company policies, ensuring timely disbursement.

HR outsourcing allows businesses to delegate HR functions like payroll, recruitment, compliance, and benefits administration to a specialized provider. It helps reduce costs, improve efficiency, ensure compliance, and free up time to focus on core business activities.

You can outsource various HR functions, including payroll processing, compliance management, employee benefits administration, talent acquisition, training and development, and overall HR consulting.

Yes! HR outsourcing is especially beneficial for small businesses as it provides access to expert HR services without the cost of hiring a full-time HR team. It helps streamline operations and ensures compliance with labor laws.

Our HR experts stay updated on the latest labor laws and industry regulations. We proactively manage compliance, handle documentation, and implement best practices to minimize legal risks for your business.

Absolutely! Futurex offers flexible and scalable HR solutions that can be tailored to match your specific business requirements, whether you need full-service HR management or support for specific functions.

Not at all. We work as an extension of your team, keeping you informed and involved in decision-making while handling time-consuming HR tasks efficiently. You retain full control over strategic HR decisions.

We prioritize data security and confidentiality. Our systems follow strict security protocols, including encrypted data storage and compliance with GDPR and other data protection regulations.

Getting started is simple! Contact us for a free consultation, and our HR specialists will assess your needs and recommend a customized outsourcing plan that fits your business.

It’s about compensating your people correctly — complying with rules surrounding taxes, salaries, and benefits. Failing to do so can end up hurting you. Legal turmoil, loss of funds, disgruntled crew. Doing it right? That’s smart business.

Key requirements include proper tax deductions and filings, adherence to minimum wage and overtime laws, employee classification, statutory benefit contributions, and accurate record-keeping.

Payroll errors can lead to hefty fines, legal disputes, employee dissatisfaction, and reputational damage. Ensuring compliance protects your business from financial and legal risks.

We handle payroll tax calculations, statutory filings, compliance audits, and risk assessments while keeping you updated on regulatory changes to ensure full compliance.

While core regulations apply to all businesses, compliance complexity increases with workforce size and industry-specific laws. Our solutions scale to fit businesses of all sizes.

We prioritize data security with encrypted payroll systems, strict access controls, and compliance with data protection regulations to safeguard sensitive employee information.

Bookkeeping ensures accurate financial records, helps track cash flow, supports tax compliance, and enables better financial decision-making. It also prepares your business for audits and financial planning.

Bookkeeping focuses on recording daily financial transactions, while accounting involves analyzing, interpreting, and reporting financial data to help with business decisions and compliance.

Yes! Futurex offers flexible solutions, allowing you to outsource specific tasks like financial reporting, tax preparation, payroll management, or full-service accounting.

Outsourcing reduces costs, improves accuracy, ensures compliance, and allows you to focus on growing your business while professionals handle your finances.

Absolutely. You’ll have full access to your financial records and reports while we handle the management and compliance aspects. We work as an extension of your team.

We use secure, encrypted systems, follow strict data protection policies, and comply with industry regulations to ensure your financial data remains safe and confidential.

Simply contact us for a free consultation. Our experts will assess your needs and create a customized accounting solution for your business.

Financial consultation helps businesses optimize cash flow, improve profitability, manage risks, and ensure regulatory compliance. Whether you’re a startup or an established enterprise, expert financial guidance can help you make informed, strategic decisions for long-term success.

We serve businesses across various industries, including finance, healthcare, retail, manufacturing, technology, real estate, and more. Our financial experts tailor strategies to meet the unique challenges of each industry.

Yes! Our experts provide tax planning strategies, compliance support, and regulatory guidance to help your business stay ahead of tax obligations while legally optimizing tax liabilities.

We conduct a comprehensive financial analysis, including reviewing cash flow, profit margins, liabilities, and overall financial performance. Based on this, we develop a customized financial strategy to enhance efficiency and growth.

Absolutely! We assist in preparing financial projections, business plans, and investor reports to help you secure loans, attract investors, or expand funding opportunities.

Getting started is easy! Simply contact us for a free consultation, and our experts will assess your needs, discuss your financial goals, and develop a tailored strategy to help your business grow.

Actuarial valuation is the process of assessing financial liabilities, future risks, and obligations using statistical and financial models. It is essential for businesses to ensure accurate financial reporting, compliance with accounting standards, and long-term financial planning.

Actuarial valuation is crucial for corporates, insurance companies, pension funds, government organizations, and any business offering employee benefits like gratuity, pensions, or post-employment benefits.

Our actuarial valuations comply with IAS 19, US GAAP, AS 15, and other regulatory frameworks, ensuring accurate liability reporting and financial disclosures to meet audit and compliance requirements.

Most businesses perform actuarial valuations annually to meet compliance requirements and keep financial statements accurate. However, businesses undergoing structural changes, mergers, or policy updates may need more frequent valuations.

Typically, we require details such as employee demographics, salary structures, benefit schemes, past financial data, and actuarial assumptions like interest rates, mortality rates, and attrition trends to conduct a precise valuation.

Getting started is easy! Contact us today, and our actuarial experts will assess your needs, guide you through the process, and deliver customized valuation reports that align with your business objectives.

Professional Tax is a state-imposed tax on individuals earning income through employment, business, or professions such as doctors, lawyers, and consultants. Employers are responsible for deducting and submitting it on behalf of employees.

No, Professional Tax is a state-specific tax, and not all states impose it. Each state has its own tax slabs, rates, and compliance requirements. Our experts ensure your business complies with the applicable state regulations.

Professional Tax is calculated based on monthly or annual salary slabs defined by the respective state governments. The tax amount varies by state and is deducted from employees’ salaries accordingly.

Filing frequency depends on state laws and the size of your workforce. Some states require monthly filings, while others may allow quarterly or annual filings. We ensure timely and accurate submissions as per legal requirements.

Failure to register, deduct, or file professional tax on time can result in penalties, fines, and interest charges imposed by state authorities. Our compliance management services help businesses avoid these risks.

Futurex offers end-to-end Professional Tax solutions, including registration, tax deductions, periodic filings, multi-state compliance, and expert advisory—ensuring that your business stays compliant without hassle.

Direct Taxes are levied directly on individuals and businesses, such as income tax, corporate tax, and capital gains tax. Indirect Taxes are applied to goods and services, such as GST, VAT, customs duty, and excise duty—where the tax burden is passed on to consumers.

Futurex provides end-to-end tax solutions, including tax planning, return filing, compliance management, dispute resolution, and advisory services to help businesses stay compliant and optimize their tax liabilities.

Tax return filing frequency depends on the type of tax and applicable regulations. For instance, corporate tax is filed annually, GST returns can be monthly or quarterly, and TDS filings are periodic. Our experts ensure timely and accurate filings to avoid penalties.

We help businesses reduce tax burdens through strategic tax planning, deductions, exemptions, and credits while ensuring full compliance with tax regulations.

Failure to comply with tax laws can result in penalties, fines, interest charges, audits, and even legal actions. Our proactive compliance management ensures that businesses avoid such risks.

Yes! We offer specialized services for cross-border taxation, transfer pricing documentation, and international tax compliance to help businesses operate globally without tax complications.

Corporate Social Responsibility (CSR) refers to a company’s initiatives to contribute to social, economic, and environmental well-being beyond its business operations. It includes programs in areas such as education, healthcare, sustainability, and community development.

Under Section 135 of the Companies Act, 2013, companies meeting certain financial thresholds are required to spend at least 2% of their average net profit on CSR activities. Futurex ensures compliance with all applicable CSR regulations.

We provide end-to-end CSR compliance support, including policy drafting, regulatory filing, impact assessment, and reporting, ensuring full adherence to government guidelines.

Futurex helps businesses identify CSR projects that align with their corporate values, industry focus, and local community needs to maximize impact and compliance.

Absolutely! A well-structured CSR program enhances brand credibility, builds stakeholder trust, and fosters positive public perception, leading to long-term business benefits.

Yes! We conduct impact assessments and generate compliance reports to ensure transparency and effectiveness in CSR activities.

The Labour Welfare Act is a legal framework designed to enhance the well-being of employees by mandating employer contributions to the Labour Welfare Fund (LWF). These funds are used for employee benefits like healthcare, education, housing, and social security.

LWF applicability varies by state and industry. Employers must check if their business falls under the eligibility criteria and comply accordingly. Our experts help determine and manage your state-specific LWF obligations.

LWF contributions depend on the state’s regulations, with both employers and employees required to contribute. The amount is fixed or percentage-based, and our team ensures accurate calculation and timely payments.

Non-compliance can lead to penalties, legal actions, and reputational risks. Futurex helps businesses stay compliant, avoid fines, and handle audits efficiently.

We offer end-to-end LWF compliance services, including registration, contribution management, documentation, audit support, and legal advisory to ensure hassle-free compliance.

Yes! Each state has its own Labour Welfare Act provisions, contribution rates, and compliance requirements. Futurex ensures businesses adhere to state-specific regulations to avoid legal complications.

Factory compliance refers to adhering to legal regulations and safety standards as outlined in the Factories Act, 1948, labour laws, and environmental laws. Compliance ensures worker safety, legal protection, and uninterrupted business operations while avoiding penalties and legal actions.

Key requirements include:

• Factory registration and licensing
• Workplace safety and health measures
• Labour law compliance (wages, working hours, employee welfare, etc.)
• Environmental and pollution control regulations
• Regular audits and statutory reporting

Non-compliance can lead to heavy penalties, license revocation, legal action, and even factory shutdowns. Ensuring compliance protects your business from financial and reputational risks.

We provide end-to-end compliance management, including:

• Factory registration & licensing
• Labour law & workplace safety compliance
• Environmental & pollution control adherence
• Factory audits & inspection readiness
• Statutory reporting & documentation management

Yes, factory laws may vary based on state-specific regulations. Our experts ensure that your factory meets all state and industry-specific compliance requirements.

Factories are subject to periodic inspections and audits by government authorities. We help businesses with regular compliance checks, audit preparations, and legal support to ensure a smooth process.

We offer custom software development, web and mobile app development, enterprise solutions, cloud-based applications, API development, and software maintenance & support.

The timeline depends on the complexity, features, and scope of the project. Small applications may take a few weeks, while enterprise-level solutions can take several months. We follow an agile development approach to ensure timely delivery.

Yes! We specialize in seamless system integration, ensuring that your new software works smoothly with existing applications, databases, and third-party tools.

We work with modern technologies and frameworks, including Java, Python, .NET, Node.js, React, Angular, Flutter, AWS, Azure, and more to build high-performance, scalable solutions.

Yes! We offer ongoing support, updates, bug fixes, and security enhancements to ensure your software remains secure, efficient, and up-to-date.

We implement robust security measures, including data encryption, secure authentication, compliance checks, and vulnerability testing to protect your software from cyber threats.

An Offshore Development Center (ODC) is a dedicated remote team that operates as an extension of your in-house team. It provides cost-effective, scalable, and high-quality development services, including software development, testing, DevOps, and IT support.

An ODC helps businesses reduce development costs, access top global talent, scale teams quickly, and accelerate project delivery. It ensures flexibility, efficiency, and seamless collaboration without the overhead of in-house hiring.

You can hire a wide range of IT professionals, including software developers, UI/UX designers, QA engineers, DevOps specialists, cloud architects, and project managers.

Futurex ensures complete transparency and control through real-time communication, project tracking tools, and dedicated account management. You’ll have full visibility over team performance, project progress, and delivery timelines.

We work with modern technologies and frameworks, including Java, Python, .NET, Node.js, React, Angular, AWS, Azure, Kubernetes, Docker, and more, based on your project needs.

Yes! We implement robust security measures, including data encryption, IP protection, secure development practices, and compliance with industry regulations, ensuring data confidentiality and safety.

The BOT model is a strategic approach where a service provider builds an offshore development center, operates it efficiently, and then transfers ownership to the client when they are ready to take full control. It allows businesses to expand globally with minimal risk and investment.

The BOT model helps companies reduce operational costs, access top global talent, ensure faster scalability, and establish offshore operations without legal or administrative complexities. It provides a low-risk pathway to international expansion.

The timeline depends on the size and complexity of the operation. Typically, the Build phase takes 3-6 months, the Operate phase runs for 1-3 years, and the Transfer phase is completed smoothly thereafter. Futurex ensures a structured and efficient transition.

We follow a well-documented transition plan, including knowledge transfer, process standardization, operational training, and technical support, ensuring a seamless handover with no disruption to business continuity.

The BOT model is ideal for IT companies, software development firms, startups, and enterprises looking to establish offshore operations without immediate ownership risks. It is especially beneficial for businesses requiring cost-effective and scalable development teams.

We ensure data security, IP protection, legal compliance, and industry-specific regulations are met. Our security protocols include strict access controls, encrypted communication, and non-disclosure agreements to safeguard your business interests.

The Shop & Establishment Act regulates working conditions, wages, working hours, holidays, and employee rights for shops, offices, hotels, restaurants, theatres, and other commercial establishments. It is mandatory for businesses operating in these sectors to register under this Act.

Registration involves submitting an application with business details, employer and employee information, and required documents to the local labor department. Futurex provides hassle-free registration services, ensuring a smooth and timely process.

Businesses must comply with regulations related to working hours, overtime wages, employee leave policies, record maintenance, safety measures, and timely renewals of registration.

The timeline varies by state, but registration typically takes 7-15 working days, depending on document verification and approval by authorities.

Non-compliance can result in penalties, fines, and even temporary closure of business operations. Regular audits and timely renewals help avoid legal risks.

Yes! Futurex offers comprehensive compliance management, including license renewals, audits, documentation maintenance, and legal advisory services, ensuring that your business remains fully compliant at all times.

Permanent staffing refers to hiring full-time employees who become an integral part of your organization. It ensures long-term stability, employee loyalty, and a skilled workforce that contributes to business growth.

We follow a rigorous selection process, including resume screening, skill assessments, background checks, and multiple interview rounds to ensure we match the right candidates to your business needs.

We specialize in permanent staffing across industries, including IT, Finance, Healthcare, Engineering, Manufacturing, Retail, and more.

The hiring timeline depends on the role and requirements, but our streamlined process ensures fast and efficient recruitment while maintaining quality.

Yes! We provide end-to-end hiring support, including offer rollouts, background verification, and compliance documentation to ensure a smooth onboarding process.

Simply contact us, and our experts will discuss your hiring needs, create a tailored recruitment plan, and begin sourcing top candidates for your business.

Contract staffing allows businesses to hire professionals on a temporary or project basis, providing workforce flexibility, cost savings, and reduced hiring risks. It is ideal for businesses with short-term projects or seasonal demands.

We follow a rigorous screening process, including resume shortlisting, skill assessments, background verification, and interviews, ensuring that you get highly qualified professionals.

We provide contract staffing solutions across multiple industries, including IT, Finance, Healthcare, Engineering, Retail, Manufacturing, and more.

Yes! We manage payroll processing, tax deductions, employee benefits, and labor law compliance, ensuring a hassle-free experience for both employers and employees.

Our extensive talent network allows us to deploy pre-vetted professionals within a few days, depending on the job role and industry requirements.

Yes! We offer contract-to-permanent hiring options, allowing businesses to evaluate candidates before offering them full-time positions.

Contract staffing offers flexibility, cost savings, and access to specialized talent without the long-term commitment of permanent hiring. It helps businesses adapt to project demands, seasonal work, and skill shortages quickly.

We provide contract staffing solutions for multiple industries, including IT, Finance, Healthcare, Engineering, Manufacturing, Retail, and more.

We handle all aspects of legal compliance, payroll management, tax deductions, and benefits administration, ensuring adherence to state and federal regulations.

Our extensive talent pool allows us to deploy pre-vetted professionals within days, depending on the job role and industry.

Yes! We offer contract-to-hire solutions, allowing businesses to assess talent before making permanent hiring decisions.

Futurex takes care of payroll processing, tax compliance, and employee benefits, ensuring a seamless and stress-free process for employers.