Compliance Deadlines for Labor and Employment Laws in India
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 the 7th day of the next month if the establishment employs fewer than 1,000 workers; within the 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 the 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.