Costs hurt, but unplanned ones upset business plans
“We thought we had estimated all the big ones, but this one caught us off guard”. Carla did not take into account the Indian social security contributions when preparing the cost sheet for her VP moving to India. Even though introduced almost a decade ago, the rules are not as well understood as they should be. Typically grossed-up to reduce the employee impact, this line item was nearly 30% of the overall compensation cost. Making things worse, there were additional interest costs for delayed compliance.
Plan ahead and get the costs right before your employee moves – We assist clients budget realistically for tax, immigration and social security costs so these don’t come as a shock later. We work with reliable partners, at reasonable costs, in helping your expatriates settle down in India.
Avoid unnecessary penalties for delayed payments to regulators – we help clients report payroll to regulators timely so your organization keeps compliance costs to the minimum.
Morphing businesses and talent pool
“We spent a lot of time during the merger thinking about business and talent synergy. We got everything right, but the benefits paperwork”. Employee benefits also need to change when your business or talent pool changes. Like fashion, sticking to one menu in your benefits package is passe. We help clients re-evaluate remuneration and benefits, track and advice on regulatory changes, and get the paperwork right.
News alerts – as it happens
Information overload can sap your team’s efficiency. Subscribe to our news alerts to receive news about regulatory changes that impact your business – its free!
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- Health Insurance in Covid-timesCovid-19 cases in India have tripled in the one month since ‘Unlock.1’, raising the specter of community transmission. While citizens prepare to avoid this infection with masks and social distancing, one cannot rule out the possibility of exposure to the infection altogether. In the… Read more: Health Insurance in Covid-times
- Further tax deadline extensions announcedIn view of the continuing impact of the pandemic, and bearing in mind the additional time businesses / taxpayers will need to return to normal, the Indian tax authority has announced further extensions in deadlines (previously extended in announcements made by the authority in… Read more: Further tax deadline extensions announced
- Tracking #Covid19 India regulationsHere is a ready chart to help one identify current status of the immigration, tax and social security compliance impacting international assignees / their employers in India during #Covid19. Covid19 Visa / Work permit restrictions International commercial flights into India are banned until midnight… Read more: Tracking #Covid19 India regulations