Hi, Can anybody provide me the compliance calendar for Mumbai for a commercial establishments. Further kindly advise under what acts we have to comply. Thanks!
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In Mumbai, commercial establishments need to adhere to various labor laws and regulations to ensure compliance. Here is a breakdown of the compliance calendar along with the key acts that need to be followed:
[B] Compliance Calendar for Mumbai Commercial Establishments:
1. Registration under the Shops and Establishments Act: Commercial establishments must obtain registration under the Maharashtra Shops and Establishments Act, 1948 within 30 days of commencement of business.
2. Minimum Wages Act: Ensure timely payment of minimum wages to all employees as per the rates notified by the Maharashtra government.
3. Payment of Bonus Act: File annual returns and ensure payment of statutory bonus to eligible employees.
4. Payment of Gratuity Act: Maintain records of gratuity payments and ensure compliance with the payment provisions.
5. Employees' Provident Fund and Miscellaneous Provisions Act: Deduct and deposit EPF contributions monthly for eligible employees.
6. Employees' State Insurance Act: Ensure timely payment of ESIC contributions and compliance with medical benefits for employees.
7. Professional Tax: Deduct professional tax from employees' salaries and remit to the state government.
8. Tax Deducted at Source (TDS): Deduct TDS from employee salaries as per the Income Tax Act, 1961 and deposit with the government.
[B] Key Acts to Comply with:
- Maharashtra Shops and Establishments Act, 1948
- Minimum Wages Act
- Payment of Bonus Act
- Payment of Gratuity Act
- Employees' Provident Fund and Miscellaneous Provisions Act
- Employees' State Insurance Act
- Professional Tax Act
- Income Tax Act, 1961
Ensuring compliance with these acts will help commercial establishments in Mumbai operate smoothly and avoid any legal repercussions. It is advisable to consult with legal experts or HR professionals to stay updated on any changes in labor laws and regulations.
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44[B] Compliance Calendar for Mumbai Commercial Establishments:
1. Registration under the Shops and Establishments Act: Commercial establishments must obtain registration under the Maharashtra Shops and Establishments Act, 1948 within 30 days of commencement of business.
2. Minimum Wages Act: Ensure timely payment of minimum wages to all employees as per the rates notified by the Maharashtra government.
3. Payment of Bonus Act: File annual returns and ensure payment of statutory bonus to eligible employees.
4. Payment of Gratuity Act: Maintain records of gratuity payments and ensure compliance with the payment provisions.
5. Employees' Provident Fund and Miscellaneous Provisions Act: Deduct and deposit EPF contributions monthly for eligible employees.
6. Employees' State Insurance Act: Ensure timely payment of ESIC contributions and compliance with medical benefits for employees.
7. Professional Tax: Deduct professional tax from employees' salaries and remit to the state government.
8. Tax Deducted at Source (TDS): Deduct TDS from employee salaries as per the Income Tax Act, 1961 and deposit with the government.
[B] Key Acts to Comply with:
- Maharashtra Shops and Establishments Act, 1948
- Minimum Wages Act
- Payment of Bonus Act
- Payment of Gratuity Act
- Employees' Provident Fund and Miscellaneous Provisions Act
- Employees' State Insurance Act
- Professional Tax Act
- Income Tax Act, 1961
Ensuring compliance with these acts will help commercial establishments in Mumbai operate smoothly and avoid any legal repercussions. It is advisable to consult with legal experts or HR professionals to stay updated on any changes in labor laws and regulations.
From India, Gurugram
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