Blog Home

Statutory Compliance made easy with Runtime HRMS

HR Technology

Published on: Feb 25, 2020

Managing payroll has never been easy with so many complexities of payroll structure, employee preferences, multiple locations, loans, leaves and more.

Managing payroll has never been easy with so many complexities of payroll structure, employee preferences, multiple locations, loans, leaves and more. And if this was not enough, there are a plethora of statutory compliances to manage to stay away from regulatory issues.

The most common payroll compliances include:

Employee’s State Insurance (ESI)
Employee’s Provident Fund (PF)
Professional Tax
Income Tax Deduction at Source (TDS)

The good news is that with the right tool, these can be made easy to manage!

Runtime HRMS & Payroll, our cloud-based payroll software, is just the right solution to manage all your statutory compliances easily and quickly as explained below:

ESI: With just one click, you can generate ESI returns, ready for uploading on the ESI portal.
PF: Similarly, you can generate PF ECR (Electronic Challan Cum Receipt) file with one click and upload it on the PF portal.
Professional Tax: To follow state-level Professional Tax laws, Runtime HRMS & Payroll Software gives you a professional tax detailed report for each employee. You can use this information to populate your Professional Tax Return quickly.
Income Tax (TDS): For businesses that need to deduct Income Tax on employees’ salaries, it is challenging to manage employee information like tax deductions, rent declarations, investments and more. Runtime HRMS makes it easy to manage employee information in one place with structured data storage. It also takes care of income tax deductions automatically based on applicable income tax rules and tax slabs. Information for Income Tax Return can be generated with all the required information like Employee’s PAN No., Gross Salary, Deductions, Tax Deducted etc. You can use this information to quickly populate TDS returns every month. As a bonus, you can also share income tax deduction working (computation) every month with your employees to give them clarity on tax deductions.

Manage your statutory compliance like a pro with Runtime HRMS & Payroll Software. We offer a free 7-day trial without any pre-payment or credit card information.

Overview of payroll and compliance in Runtime HRMS

Statutory compliance in Runtime HRMS

Mamta Fasge

Mamta is an engineer turned digital marketer with years of experience in building brands from scratch. She is passionate about continuous learning and also enjoys reading and mastering new marketing skills

Statutory Compliance made easy with Runtime HRMS

More in HR Technology

Mamta Fasge