Companies have to comply with a number of statutory compliances. Here is the comprehensive compliance calendar for January 2015 to help you remain 100% compliant.
Employees Provident Fund (EPF)
Employee Provident Fund (EPF) is implemented by the Employees Provident Fund Organization (EPFO) of India.
|Before 15 January||Remit contribution||EPFECR|
Employees State Insurance (ESI)
Employees State Insurance is a self-financing social security and health insurance scheme for Indian workers.
|Before 21 January||Remit contribution||EPFECR|
Income Tax (IT)
Tax deducted from employees salaries, Governed by Income Tax Act 1961
|Before 7 January||Payment of TDS for the month of December||2014ECR|
Profession Tax (PT)
Professional Tax is tax levied by the State on the Income earned by way of profession, trade, calling or employment. Here we will look at PT in Karnataka.
|Before 20 January||Pay PT deducted and furnish Form||5ECR|
Karnataka Labor Welfare Fund
This is governed by the state act, Karnataka Labor Welfare Fund Act, which aims constitution of a fund for financing and conducting activities to promote welfare of labor in the state.
|Before 15 January||Deduct contribution from salary payable for Dec 2014||furnish Form D-Challan|
Karnataka Shops & Establishments Act
This Act provides for the regulation of conditions of work and employment in commercial establishments in Karnataka.
|Before 31 January||Submit combined annual return||Form U-Online|