S

Statutory Compliance

Definition

Adherence to legal and regulatory requirements set by labour and tax authorities, including PF, ESI, TDS, and minimum wage laws.

Context & Importance

Crucial for avoiding penalties, maintaining employee trust, and passing audits smoothly.

Use Cases

• Filing EPF returns on time
• Deducting correct ESI contributions

Related Concepts

Labour laws, tax deductions, government filings.

TankhaPay Relevance

Automated compliance engine that ensures timely filings, generates Form 16, and manages inspections or audit support.