Statutory Compliance

Statutory Compliance

Indian Statutory rules are most complex. But your payroll software doesn’t have to be. Covai CareersPayroll Management simplifies the numerous compliance functions with absolutely no sweat for you.

Income Tax and TDS

Income tax calculations are fully automated and the compliance reports such as Form 24Q are auto generated reducing all manual and paper work for your team

Provident Fund – PF

Covai Careers takes care of all the Provident Fund automation with zero paper work. All statutory forms and electronic challans are auto generated every month – ready to file.

Employee State Insurance – ESI

ESI calculation for lower salaried employees are completely configurable in Covai Careers . Whether ESI is part of CTC or outside, Covai Careers has it taken care.

Professional Tax – PT

Professional tax varies per state and Covai Careers fully supports all states in India. All PT calculations are auto calculated and necessary forms are generated on demand.

Labor Welfare Fund

Labor Welfare Fund computation and deduction for certain states can easily be added to Covai Careers Payroll and the associated forms generated.

Other Statutory Acts

Compliance forms and reports as required by other statutory Acts such as CLRA, Shops & establishments act, Factories Act are readily available on demand.

TDS challans and reports

Covai Careers Payroll software provides easy TDS management for salaries disbursed to employees. The software allows you to generate the required return files. All you have to do is upload the generated FVU file on the income tax website. The software also provides errors and warnings as notified by the income ta validator service.

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