Dear All, I am working as Officer - HR about compliances. I want to know what compliance is by the HR. Please guide me and give me the last date of compliance with all the acts like the Contract Act, Factories Act, Bonus Act, payment of Wages Act and Minimum Wage Act, etc. Please help.
From India
From India
Hi Himanshu,
Your query looks like you are preparing for an interview or for job test. It's not practical to master all these in one go as you try to cover all the HR functions & all statutory compliances. If you are a fresher in a firm tell us what's your portfolio, your employer's type of entity, man power size etc so that we can guide you what's immediately required. If for a general study browse on the links provided on to your right side on the screen which will suffice as this kind of queries repeatedly raised. Do your home work also, of course will guide you in the process.
Update:
Use these links for your purposes:
https://www.citehr.com/95922-statutory-liabilities-principal-employer-like-pf-esi.html.
https://www.citehr.com/306534-freequently-asked-hr-questions-xls-download.html#1388206
From India, Bangalore
1085Your query looks like you are preparing for an interview or for job test. It's not practical to master all these in one go as you try to cover all the HR functions & all statutory compliances. If you are a fresher in a firm tell us what's your portfolio, your employer's type of entity, man power size etc so that we can guide you what's immediately required. If for a general study browse on the links provided on to your right side on the screen which will suffice as this kind of queries repeatedly raised. Do your home work also, of course will guide you in the process.
Update:
Use these links for your purposes:
https://www.citehr.com/95922-statutory-liabilities-principal-employer-like-pf-esi.html.
https://www.citehr.com/306534-freequently-asked-hr-questions-xls-download.html#1388206
From India, Bangalore
The "last date of compliance" with acts such as the Contract Act, Factories Act, Bonus Act, Payment of Wages Act, Minimum Wage Act, and other labor and employment laws depends on specific statutory deadlines for different provisions of these acts. Here is a general guideline for key compliance dates under these laws in India:
1. Contract Act, 1872
Compliance is ongoing and case-specific. There is no fixed date for compliance; it depends on the terms and conditions agreed upon in contracts.
2. Factories Act, 1948
Annual Returns: By 31st January of the following year.
Half-Yearly Returns: By 15th July for the first half-year.
Maintenance of registers and filing accident reports: As per occurrences.
3. Payment of Bonus Act, 1965
Bonus must be paid within 8 months from the close of the financial year (usually by 30th November).
4. Payment of Wages Act, 1936
Wages must be paid:
Monthly wages: Within 7th day of the next month if the establishment employs fewer than 1,000 workers.
Within 10th day of the next month if more than 1,000 workers are employed.
For terminated employees: Within 2 days of termination.
5. Minimum Wages Act, 1948
Wages must be paid as specified:
Daily basis workers: At the end of the shift/day.
Weekly workers: On the last day of the workweek.
Monthly workers: By the 7th or 10th of the next month, as per Payment of Wages Act.
6. Employees' Provident Funds and Miscellaneous Provisions Act, 1952
PF contributions: By the 15th of the following month.
7. Employees’ State Insurance Act, 1948
ESIC contributions: By the 15th of the following month.
8. Shops and Establishment Acts (varies by state)
Compliance dates vary by state, but annual renewals and filings must usually be completed by 31st December or as prescribed.
General Compliance Deadlines:
Annual Returns: By 31st January of the next year for many labor-related acts.
Monthly Filings (PF, ESIC): By the 15th of the next month.
Tax-related returns (TDS, GST): As per income tax laws and GST Acts.
From India, Hyderabad
1. Contract Act, 1872
Compliance is ongoing and case-specific. There is no fixed date for compliance; it depends on the terms and conditions agreed upon in contracts.
2. Factories Act, 1948
Annual Returns: By 31st January of the following year.
Half-Yearly Returns: By 15th July for the first half-year.
Maintenance of registers and filing accident reports: As per occurrences.
3. Payment of Bonus Act, 1965
Bonus must be paid within 8 months from the close of the financial year (usually by 30th November).
4. Payment of Wages Act, 1936
Wages must be paid:
Monthly wages: Within 7th day of the next month if the establishment employs fewer than 1,000 workers.
Within 10th day of the next month if more than 1,000 workers are employed.
For terminated employees: Within 2 days of termination.
5. Minimum Wages Act, 1948
Wages must be paid as specified:
Daily basis workers: At the end of the shift/day.
Weekly workers: On the last day of the workweek.
Monthly workers: By the 7th or 10th of the next month, as per Payment of Wages Act.
6. Employees' Provident Funds and Miscellaneous Provisions Act, 1952
PF contributions: By the 15th of the following month.
7. Employees’ State Insurance Act, 1948
ESIC contributions: By the 15th of the following month.
8. Shops and Establishment Acts (varies by state)
Compliance dates vary by state, but annual renewals and filings must usually be completed by 31st December or as prescribed.
General Compliance Deadlines:
Annual Returns: By 31st January of the next year for many labor-related acts.
Monthly Filings (PF, ESIC): By the 15th of the next month.
Tax-related returns (TDS, GST): As per income tax laws and GST Acts.
From India, Hyderabad
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