1. What does statutory compliance in payroll include?

Statutory compliance in payroll includes things like income tax deduction and insurance allocation in payroll, along with the deduction of professional tax and the award of gratuity to eligible employees. It involves also ensuring that everyone is paid a fair wage, irrespective of gender.

2. How to do a payroll compliance audit?

To do a payroll compliance audit, you need to have a payroll compliance consultant and trusted members from your payroll team to share the data with them. A payroll compliance audit can take a few days as a detailed analysis of the company’s payroll will be done. It must follow an established process and there must be well-established KPIs too.

3. Who does a payroll compliance audit?

A payroll compliance audit is done by a payroll compliance professional, and the data is shared by members from the payroll team. This is then shared with the government. A payroll compliance audit could be conducted by the government too to ensure that everything is in order

4. Are payroll compliance laws the same everywhere?

Payroll compliance laws are different in different parts of the world, with each country having its own tax laws and even terms for gratuity or maternity leaves. This is why a payroll compliance consultant who is familiar with the nation’s laws must handle the payroll compliance process.

Payroll Archives | Page 5 of 7

18/05/2024

What Is Statutory Compliance in Payroll?

Introduction Statutory compliance encompasses all areas of an organization’s functioning. The statutory compliance that pertains to payroll is referred to as statutory compliance in payroll. Statutory […]

13/04/2024

10 Global Payroll Best Practices to Implement in 2024

Its 2024, and it’s about time that we implement the best global payroll practices, using new advanced technologies that have made processing payroll so much easier […]

04/04/2024

04/04/2024

How to Calculate Payroll: A Complete Step-by-Step Guide

For any business, having a streamlined payroll system is important. Suppose you are an organization with a large number of employees. In that case, accurate and […]

03/04/2024

6 Common Payroll Errors and How to Avoid Them

Per the Deloitte Global payroll survey, 2020, only 56% of organizations with 5000+ employees had a standardized payroll across the enterprise. This percentage decreased further down […]

31/03/2024

31/03/2024

What is a Payroll Service Provider?

Payroll is a critical business function that needs a separate team, a well-defined group of stakeholders, its own objectives and a clear vision of what it […]

18/03/2024

International Payroll Processing Guide

Before we let you in on all that you need to know about international payroll processing, let us see some stats and insights by credible sources […]

21/02/2024

21/02/2024

How to Set Up a Payroll for Your Business?

What can a payroll setup do? A payroll setup does the tracking of hours worked by the employee and calculation of employee pay in addition to […]

12/02/2024

Payroll Compliance Checklist for 2025

One of the most important tasks that every business, whether big or small, must perform is processing the payroll. It is the most critical function that […]

09/01/2024

Payroll System: What Are The Uses And Benefits?

09/01/2024

Payroll System- Uses and Benefits for an Organization

Employees are the heart and soul of an organization. And if there is one thing that keeps employees grounded and motivated to work it is receiving […]