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.
