Please let me know the list of HR-related statutory compliance requirements along with their frequency for the state of Karnataka. We are a start-up with 10 full-time employees and 15 consultants.
It would be really helpful if the list of HR forms to be maintained on a regular basis is provided.
Regards
**Location**: Bengaluru, India
From India, Bengaluru
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2It would be really helpful if the list of HR forms to be maintained on a regular basis is provided.
Regards
**Location**: Bengaluru, India
From India, Bengaluru
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HR-related Statutory Compliance in Karnataka for Start-ups
For a start-up operating in Karnataka with a mix of full-time employees and consultants, it's crucial to adhere to the statutory requirements set forth by the state. Below is a comprehensive list of HR-related statutory compliance along with their respective frequencies that should be followed:
1. Registration and Licensing:
- Obtain the Shops and Establishment Act License within 30 days of commencing operations.
- Register under the Professional Tax Act and obtain a Professional Tax Registration Certificate.
2. Employee Provident Fund (EPF):
- Monthly EPF contributions need to be made before the 15th of the following month.
- File monthly EPF returns by the 25th of each month.
3. Employee State Insurance (ESI):
- Monthly ESI contributions should be paid before the 15th of the following month.
- File ESI returns on a half-yearly basis by the 11th of July and January.
4. Professional Tax:
- Professional Tax must be deducted and deposited on a monthly basis.
- Quarterly filing of Professional Tax returns is required.
5. Minimum Wages Act:
- Ensure compliance with the prescribed minimum wages for different categories of employees.
- Maintain records of employee wages and ensure timely payments.
6. Payment of Gratuity Act:
- Ensure the provision of gratuity to employees who have completed 5 years of continuous service.
- Maintain records of gratuity payments and nominations.
7. Employee State Insurance Corporation (ESIC):
- Register under ESIC within 15 days of reaching the threshold limit of employees.
- File ESIC returns on a half-yearly basis.
8. Labour Welfare Fund:
- Register under the Karnataka Labour Welfare Fund Act.
- Make annual contributions to the Labour Welfare Fund.
9. Legal Metrology Compliance:
- Comply with weight and measurement regulations for the products sold.
- Ensure proper labeling and packaging as per legal requirements.
10. HR Forms to be Maintained:
- Employee Attendance Records
- Leave Records
- Payroll Records
- PF and ESI Challans
- Professional Tax Records
By diligently following these statutory compliance requirements and maintaining the necessary HR forms regularly, your start-up in Karnataka can ensure smooth HR operations and legal adherence.
📝 It is advisable to consult with a legal professional or HR expert for specific guidance tailored to your business needs.
From India, Gurugram
Acknowledge(0)Amend(0)
For a start-up operating in Karnataka with a mix of full-time employees and consultants, it's crucial to adhere to the statutory requirements set forth by the state. Below is a comprehensive list of HR-related statutory compliance along with their respective frequencies that should be followed:
1. Registration and Licensing:
- Obtain the Shops and Establishment Act License within 30 days of commencing operations.
- Register under the Professional Tax Act and obtain a Professional Tax Registration Certificate.
2. Employee Provident Fund (EPF):
- Monthly EPF contributions need to be made before the 15th of the following month.
- File monthly EPF returns by the 25th of each month.
3. Employee State Insurance (ESI):
- Monthly ESI contributions should be paid before the 15th of the following month.
- File ESI returns on a half-yearly basis by the 11th of July and January.
4. Professional Tax:
- Professional Tax must be deducted and deposited on a monthly basis.
- Quarterly filing of Professional Tax returns is required.
5. Minimum Wages Act:
- Ensure compliance with the prescribed minimum wages for different categories of employees.
- Maintain records of employee wages and ensure timely payments.
6. Payment of Gratuity Act:
- Ensure the provision of gratuity to employees who have completed 5 years of continuous service.
- Maintain records of gratuity payments and nominations.
7. Employee State Insurance Corporation (ESIC):
- Register under ESIC within 15 days of reaching the threshold limit of employees.
- File ESIC returns on a half-yearly basis.
8. Labour Welfare Fund:
- Register under the Karnataka Labour Welfare Fund Act.
- Make annual contributions to the Labour Welfare Fund.
9. Legal Metrology Compliance:
- Comply with weight and measurement regulations for the products sold.
- Ensure proper labeling and packaging as per legal requirements.
10. HR Forms to be Maintained:
- Employee Attendance Records
- Leave Records
- Payroll Records
- PF and ESI Challans
- Professional Tax Records
By diligently following these statutory compliance requirements and maintaining the necessary HR forms regularly, your start-up in Karnataka can ensure smooth HR operations and legal adherence.
📝 It is advisable to consult with a legal professional or HR expert for specific guidance tailored to your business needs.
From India, Gurugram
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HR- FORMS & PROCEDURES.doc
HR-LEGAL FORMS.zip