Statutory Compliance

Generate returns for statutory compliances like ESI & PF

ESI

Runtime HRMS generates monthly return of Employee’s State Insurance (ESI) in excel format which can be directly uploaded on ESI portal. It also takes care of employees leaving and zero working days.

EPF

Employee Provident Fund (EPF) requires an Electronic Challan-cum-Receipt (ECR) format to be uploaded as monthly return. Runtime HRMS gives you the exact format to upload on PF website.

PROFESSIONAL TAX

Runtime HRMS is capable of deducting professional tax as per various state laws. You just need to enable Professional Tax deduction in settings. It also gives you a summary of professional tax deductions and gross salary numbers by each employee to comply with your state filings.

INCOME TAX

Income Tax rates and configuration as per financial year 2020-21 is up-to-date in Runtime HRMS. There is an option to select Old or New tax scheme by each individual employee. Accordingly, tax liability is calculated.

COMPUTATION

Generate computation for each employee to see break-up of salary as per Income Tax Act. View details of total tax calculation for the year and tax deduction for a month.

STATUTORY BONUS *

Configure and calculate statutory bonus as per Bonus Act for employees. Option to change eligibility criteria, minimum and maximum wages and month of payment.

* This features is currently under beta testing and will soon be rolled out for public use.

Try free without any prepayment or credit card information