Payroll and Karnataka Labour law
Payroll can be defined as the process of paying a company's employees. It includes collecting the list of employees to be paid, tracking the hours worked, calculating the employee's pay, distributing the salary on time, and recording the payroll expense.
Refer to the laws listed below to design a good payroll policy.
- The Payment of Wages Act, 1936 and Rules
- The Minimum Wages Act, 1948 and Rules
- The Weekly Holidays Act, 1942 and Rules
- The Industrial Employment Standing Order Act, 1946 and Rules
- The Industrial Disputes Act, 1947 and Rules
- The Employees’ State Insurance Act, 1948 and Rules
- The Factories Act, 1948, and Rules
- The Employees’ Provident Fund & Miscellaneous Provisions Act, 1952
- The Income Tax Act, 1961 and Rules
- Payment of Bonus Act,1965