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A Guide for Indian Businesses

Ensuring Payroll Compliance with Stride HRMS TM Software

At STRIDE HRMS TM, software is renowned for -

  • Streamlining HR processes
  • Ensuring accuracy

But navigating the complexities of payroll compliance in India can be challenging. This guide explores how Stride HRMS TM can assist you in adhering to key regulations laid out in the Payment of Wages Act, 1936 (PWA), and Indian Labour Laws

Key Payroll Compliances with STRIDE HRMS TM
Wages Payment

Timely Payment

Automate payroll processing to ensure wages are paid by the 7th of the following month, complying with the PWA and avoiding legal repercussions

Components of Wages

Customize salary components like basic salary, dearness allowance, and other allowances to align with your pay structure

Deductions

Facilitate automated deductions for income tax, PF, and professional tax, ensuring compliance with PWA regulations

Maintaining Records

Wage Register

Generate digital wage registers with employee details, wages paid, and deductions made for easy access and audits

Payment Slips

Automatically generate payslips for transparency and record-keeping, complying with mandatory payslip provisions

Leave and Attendance

Leave Encashment

Track and calculate leave encashment accurately as per PWA regulations

Overtime Payment

Calculate overtime wages based on attendance data and predefined rules, complying with labor laws

Statutory Compliances

PF and ESI

Integrate with PF and ESI authorities for seamless deposit of contributions and filing of challans

Professional Tax

Manage state-specific professional tax deductions and challan submissions efficiently

TDS

Facilitate TDS calculations and filing of returns as per government regulations

Additional Features for Enhanced Compliance

Customizable Workflows

Tailor payroll processes to specific company policies and industry regulations

Audit Trails

Track all payroll changes for compliance purposes

Data Security

Employ robust security measures to protect sensitive employee data

Employee Self-Service

Empowerment

Provide employees with access to payroll information through the self-service portal, promoting transparency

Compliance Alerts and Notifications

Real-time Updates

Receive alerts within the platform to stay informed about compliance deadlines and regulatory changes

Documentation Management

Document Storage

Store and manage important payroll-related documents securely within the system for easy retrieval and audits

Continuous Updates and Support

Regular Enhancements

Benefit from updates to ensure compliance with evolving regulations, with dedicated customer support available

Training and Education

Resource Utilization

Utilize training modules or webinars to educate staff on compliance best practices

Internal Audits and Reviews

Proactive Measures

Conduct periodic audits to identify and rectify compliance gaps within the system

At STRIDE HRMS TM Contact us today to simplify payroll compliance and drive business success with Stride HRMS.
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In payroll management with STRIDE HRMS TM, you can

Stay
informed

collaborate with
relevant teams

Ensure
integrity

With Stride HRMS as your trusted partner, navigating payroll compliance becomes manageable.TM.