Statutory compliance is the process of adhering to laws and regulations that are set forth by governing bodies. This can include everything from filing the correct paperwork with the government to following safety protocols in the workplace. In many cases, failure to comply with statutes can result in hefty fines or even jail time. For businesses, it is essential to ensure that they are up-to-date on all statutory requirements in order to avoid any penalties.

Importance of Statutory compliance

There’s a pre-defined legal framework within which any given organization must function. This framework is termed as statutory compliance. Basically, the organization must treat its employees in a way that is in adherence to various central and state labor laws. Statutory compliance is beneficial to all – employee, employer and the organization. For employees – it makes sure that they receive fair treatment and get their dues on time. It also ensures that the working conditions for the employees is satisfactory and well managed. As for the organization and the employer – it maintains clarity of rules and regulations to fall back on. It also saves the organization from penalties and legal actions. And in turn, creates a trustworthy and safe environment.

Why to choose Valam Solutions as your Statutory compliance?

Valam Solutions is the one stop solution for all the Statutory Compliance. We provide statutory compliance services to businesses of all sizes in a variety of industries. We stay up-to-date on the latest changes in legislation so you can focus on running your business. We automates compliance payments like TDS, PF, ESI, PT but also their periodic return filings. TDS and return compliance. We keep you updated with Accurate Professional tax, compliant with changing laws and Compliance reports