Remittances & Return’s – Automated Compliance by TrusComp

remittancereturns

Overview

TrusComp simplifies compliance with automated processes for timely and accurate remittances and returns. Designed to reduce administrative overhead and ensure seamless adherence to both central and state-level regulations, our solution minimizes risks while enhancing transparency through comprehensive reporting tools.

Key Features

Automated Calculation & Tracking

Effortlessly calculate, remit, and track statutory compliance obligations with precision.

Multi-State Compliance Adherence

Ensures seamless compliance with central & state labor laws, taxes, and remittances.

Comprehensive Reporting Tools

Get detailed reports on remittance status, filing summaries, and compliance gaps for full transparency.

Deadline Reminders & Notifications

Automated alerts & notifications to ensure zero missed filings and avoid penalties.

Real-Time Dashboard

Monitor all remittances and return filings across multiple locations with one unified platform.

Benefits of using TrusComp

error reduction

Reduce Administrative Overhead

Save time and resources by eliminating manual paperwork and filings.

time saving

Minimized Compliance Risks

Ensure 100% accuracy in filings to avoid penalties and legal issues

real time communication

Enhance Transparency & Audit Readiness

Gain real-time insights and secure audit-friendly recordkeeping.

002 quality

Seamless Integration with Payroll & Finance Systems

Connect effortlessly with your HR, Payroll, and Tax software for error-free compliance.

Why Choose TrusComp?

Accurate & Automated Compliance

Depend on precise calculations and timely tracking to ensure compliance without stress

Expert-Led Solutions

Backed by 15+ years of experience, our compliance experts help you stay ahead of changing regulations

Trusted by 100+ Clients

Our solutions enhance efficiency while minimizing compliance risks for businesses across industries.

Mandatory Remittances & Returns in India

Below is a list of mandatory remittances and returns businesses must comply with across various labor laws, tax laws, and social security regulations.

1. Provident Fund (PF) Returns & Remittances (EPF Act, 1952)

Return / RemittanceFrequencyDetails
EPF Contribution (ECR)Monthly (before 15th)Remittance of employee & employer contributions.
Form 5MonthlyDetails of newly joined employees.
Form 10MonthlyDetails of employees who exited.
Form 12AMonthlySummary of total contributions paid.
Form 3AAnnualEmployee-wise contribution details.
Form 6AAnnualConsolidated contribution statement.

2. Employee State Insurance (ESI) Returns & Remittances (ESI Act, 1948)

Return / RemittanceFrequencyDetails
ESI Contribution PaymentMonthly (before 15th)Employer and employee contributions remittance.
Form 5Half-YearlyContribution details for compliance tracking.
Accident Report (Form 12)As RequiredReporting of workplace accidents.

3.Professional Tax (PT) Returns & Remittances (Varies by State Laws)

Return / RemittanceFrequencyDetails
PT Monthly / Quarterly ReturnMonthly/QuarterlyProfessional tax deductions from employees.
PT Annual ReturnAnnuallyConsolidated deduction & remittance statement.

4.Labour Welfare Fund (LWF) Returns & Remittances (Varies by State)

Return / RemittanceFrequencyDetails
LWF Contribution PaymentHalf-YearlyEmployer and employee contributions for welfare..
LWF Annual ReturnAnnuallyStatement of contributions paid.

5.Bonus & Gratuity Returns (Payment of Bonus Act, 1965 & Gratuity Act, 1972)

Return / RemittanceFrequencyDetails
Form D (Bonus Return)AnnuallySummary of bonus payments made.
Gratuity PaymentsAs RequiredPayment to eligible employees.

Penalties for Non-Compliance

Failure to file remittances & returns on time may lead to:

  • Heavy fines (₹5,000 to ₹5,00,000 depending on the violation).
  • Legal action, including imprisonment for repeated non-compliance.
  • Increased scrutiny & audits by government authorities.

Frequently Asked Questions

Remittances and returns refer to the timely calculation, payment, and filing of statutory obligations under labor laws, tax laws, and other regulations.

Our automated system ensures zero missed deadlines, minimizes manual errors, and simplifies compliance tracking.

Yes! We ensure compliance with both central & state-level regulations, making it ideal for businesses with multiple locations.

 Our platform provides detailed reports covering:
✔️ Remittance status
✔️ Filing summaries
✔️ Compliance gaps analysis

Simply Schedule a Free Consultation or Request a Demo to explore how our solution can simplify your compliance processes.

Take the First Step – Ensure 100% Compliance Today!

Avoid penalties, minimize risks, and ensure seamless compliance with TrusComp.

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