HR and Payroll Service
Maintain Payroll & tax compliances seamlessly through Smartmudra360.com. Get a Dedicated Accountant and LEDGERS compliance platform for your business.
- Get your HR and Payroll Services starting at ₹5,899
HR and Payroll Service
- LEDGERS HR Software (1 Year Subscription)
- Attendance Platform
- Employee Self-Serve
- 12 Months Managed Payroll Service
- 12 Months HR Support & Assistance
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Payroll Software
Maintain Payroll & tax compliances seamlessly through Smartmudra360.com. Get a Dedicated Accountant and LEDGERS compliance platform for your business.
What's included:
- 1 Year License
- Attendance Platform
- Employee Self-Serve
- LEDGERS HR Software
- HR Reports & MIS
PF & ESI NIL Compliance
Maintain Payroll & tax compliances seamlessly through smartmudra360.com. Get a Dedicated Accountant and LEDGERS compliance platform for your business.
What's included:
- 12 Months Managed PF NIL Return Filing
- 12 Months Managed ESI NIL Return Filing
- For Companies with ZERO employees
ESI and PF Registration
ESI & PF Registration is the Process of enrolling employers and employees under the ESI Scheme for medical and social security benefits, and with the EPFO to participate in the Provident Fund scheme.
What's included:
- ESI and PF Registration
- Application Preparation
- Application Submission
- ESI and PF Employer Certificate
- ESI and PF Number
HR & Payroll Services – Get the Best Software for Your Business!
Managing HR and payroll efficiently is crucial for any business, and IndiaFilings simplifies this process with LEDGERS HR Software—an all-in-one, cloud-based payroll software designed to streamline employee management systems, payroll processing software, PF and ESI compliance, and automated salary tax calculation. Whether you're a startup seeking affordable payroll software for startups or an enterprise requiring advanced HR management software features, LEDGERS HR Software ensures accuracy, efficiency, and full compliance with Indian labour laws, making payroll seamless and hassle-free.
What Are HR and Payroll Services?
HR and payroll services refer to the comprehensive management of employee-related processes, including salary processing, tax compliance, workforce management, and employee benefits. These services help businesses efficiently handle recruitment, attendance tracking, statutory compliance, leave management, and salary disbursement. A reliable HR and payroll system ensures smooth operations, eliminates errors, and improves overall business productivity.
Why HR and Payroll Services are Essential for Businesses?
HR software and payroll solutions are crucial for businesses of all sizes. Whether you are a startup, small business, or large enterprise, managing payroll and compliance effectively can impact employee satisfaction and business growth. Below are some key reasons why businesses need professional HR and payroll services:
Ensuring Compliance with Labor Laws
Every business must comply with government regulations related to employee wages, taxes, and benefits. Payroll compliance includes:
- Provident Fund (PF)
- Employee State Insurance (ESI)
- Professional Tax (PT)
- Income Tax (TDS on Salary)
- Minimum Wages and Bonus Act
- Labor Laws and Gratuity Regulations
Business Activity Eligibility in India
Any individual engaged in trading, manufacturing, or service-based activities can register as a sole proprietor firm in India. However, certain regulated industries may require additional licences or approvals from government authorities.
What is the Checklist Required for Sole Proprietorship Firm Registration in India?
Having the right documents ready ensures a smooth proprietorship firm registration online process. Below is a complete checklist:
Identity & Address Proof Documents in India
- PAN Card of the proprietor
- Aadhaar Card / Voter ID / Passport
- Passport-size photographs
Business Proof Documents in India
- Business address proof (electricity bill, rent agreement)
- Bank account details in the name of the business
- Trade name or business name details
Registration Prerequisites in India
- GST registration (if turnover exceeds threshold)
- MSME/Udyam registration certificate
- Shop and Establishment licence (state-specific)
What are the Sole Proprietorship Registration Fees & Penalties in India?
The sole proprietorship registration cost in India varies depending on the type of registration chosen. Below is a detailed breakdown:
Registration Fee Structure in India
| Registration Type | Government Fee | Professional Fee (Approx.) |
|---|---|---|
| GST Registration | Free | ₹500 – ₹2,000 |
| MSME/Udyam Registration | Free | ₹500 – ₹1,500 |
| Shop & Establishment Licence | ₹100 – ₹1,000 | ₹1,000 – ₹3,000 |
| Trade Licence | ₹500 – ₹5,000 | ₹1,000 – ₹3,000 |
Penalties for Non-Compliance in India
- GST non-registration penalty: 10% of tax due or ₹10,000, whichever is higher
- Late GST return filing: ₹50 per day (₹20 for nil returns)
- Non-filing of ITR: Penalty up to ₹5,000 under Section 234F
What is a Sole Proprietorship Registration Certificate in India?
A sole proprietorship certificate is an official document that proves the legal existence of your business. Since there is no single unified registration, the proprietorship registration certificate may be one or a combination of the following:
Types of Registration Certificates in India
- GST Registration Certificate – Issued by the GST department
- Udyam Registration Certificate – Issued by the MSME Ministry
- Shop & Establishment Certificate – Issued by local municipal authorities
Importance of the Certificate in India
The proprietorship registration certificate is essential for opening a proprietorship bank account, applying for business loans, and entering into legal contracts. It also acts as proof of business identity for government tenders and schemes. Visit IndiaFilings to get expert assistance in obtaining your registration certificate.
How to Check Sole Proprietorship Registration Status in India?
Once you have applied for registration, you can track the sole proprietorship registration process status through the respective portals:
Check via GST Portal in India
- Visit the official GST portal at gst.gov.in
- Click on "Track Application Status"
- Enter your ARN (Application Reference Number)
- View the current status of your GST registration
Check via MSME/Udyam Portal in India
- Visit udyamregistration.gov.in
- Click on "Print/Verify Udyam Certificate"
- Enter your Udyam Registration Number and OTP
- Download and verify your Udyam registration proprietorship certificate
Check via Shop & Establishment Portal in India
Visit your respective state's Labour Department portal and enter your application number to track the status of your shop and establishment registration.
What are the Steps to Register the Sole Proprietorship Firm in India?
What are the Steps to Register the Sole Proprietorship Firm in India?Here is a simple step-by-step guide for how to register sole proprietorship in India:
Eligibility of Partners in IndiaStep-by-Step Registration Process in India
- Step 1 – Choose a Business Name: Select a unique trade name for your sole proprietorship firm online registration. Ensure it does not infringe on any existing trademarks.
- Step 2 – Obtain PAN Card: Apply for a PAN card in the proprietor's name. The sole proprietorship PAN card is mandatory for all tax-related activities.
- Step 3 – Open a Current Bank Account: Open a current bank account in the name of the business for proprietorship bank account opening.
- Step 4 – GST Registration: Apply for GST registration sole proprietorship if your annual turnover exceeds ₹20 lakhs (₹10 lakhs for special category states).
- Step 5 – MSME/Udyam Registration: Register under the MSME registration for proprietorship to avail government benefits and subsidies.
- Step 6 – Shop & Establishment Licence: Obtain a shop and establishment registration from your local municipal authority.
What are the Additional Registrations Required for a Sole Proprietorship Firm in India?
Depending on the nature of your business, additional registrations may be required for a sole proprietor firm in India:
FSSAI Registration in India
If you are involved in the food business, you must obtain an FSSAI licence from the Food Safety and Standards Authority of India.
Import Export Code (IEC) in India
For businesses involved in import or export activities, an Import Export Code (IEC) is mandatory from the DGFT.
Trade Licence in India
A trade licence proprietorship is required from local municipal authorities to conduct specific trade or business activities.
What is the Sole Proprietorship Registration Time in India?
The time taken to register a proprietorship india depends on the type of registration chosen:
Registration Timeline in India
| Registration Type | Time Required |
|---|---|
| GST Registration | 3 – 7 Working Days |
| MSME/Udyam Registration | 1 – 2 Working Days |
| Shop & Establishment Licence | 7 – 15 Working Days |
| Trade Licence | 15 – 30 Working Days |
What are the Post-Registration Compliance Requirements for Sole Proprietorship in India?
After completing the proprietorship business registration, the owner must adhere to the following compliance requirements:
Income Tax Return (ITR) Filing in India
A sole proprietor must file proprietorship income tax return under their individual PAN. The applicable ITR form is ITR-3 or ITR-4 (Sugam), depending on the nature of income. The due date is typically July 31st of each assessment year.
GST Return Filing in India
If registered under GST, the proprietor must file monthly or quarterly GST returns (GSTR-1, GSTR-3B) and an annual GST return (GSTR-9).
Other Statutory Compliances in India
- Renewal of Shop & Establishment licence annually
- Maintenance of proper books of accounts
- Tax Deducted at Source (TDS) compliance if applicable
- Professional tax payment (state-specific)
Why Choose Nexta for Sole Proprietorship Firm Registration Services in India?
Nexta is India's leading business registration for individuals platform, helping thousands of entrepreneurs register their sole proprietorship firms every year. Here's why IndiaFilings is the best choice:
Expert Assistance in India
- Experienced professionals with deep knowledge of proprietorship firm registration online
- End-to-end support from documentation to certificate delivery
- Dedicated relationship manager for each client
Affordable & Transparent Pricing in India
- No hidden charges – transparent fee structure
- Cost-effective packages for small business registration india
- Flexible payment options available
Fast & Reliable Service in India
- Quick turnaround time for all registrations
- Real-time tracking of your application status
- Trusted by over 1 million businesses across India
Whether you are looking to register a proprietorship india, IndiaFilings provides comprehensive solutions. Get started today with our proprietorship Experts
Frequently asked questions
Common questions about Smartmudra360 HR.
What is payroll software, and how does it help businesses?
Payroll software automates payroll processing, salary computation, and payroll tax filing, ensuring accurate wage calculations while simplifying HR statutory compliances.
Does the software support PF and ESI compliance?
Starting a business in India requires compliance with various legal requirements, including registering the business, obtaining necessary licenses and permits, and complying with labor and tax laws. Some of the essential legal requirements for starting a business in India include choosing a business structure, registering your business name, obtaining a Director Identification Number (DIN), incorporating the business, obtaining PAN and TAN, securing other required licenses and permits, ensuring labor law compliance, meeting tax compliance requirements, obtaining insurance, and opening a business bank account.
Can LEDGERS HR Software automate payroll tax calculations?
A company is required to maintain the compliances once the company is incorporated. The auditor is to be appointed within 30 days. Additionally, there is income tax filing and annual return filing that is to be done every year.
How secure is cloud-based payroll software?
The statutory audit as the name suggests is a mandatory audit for all companies. All the entities that are unregistered under the Companies Act as Private or Public Limited Companies need to get the books of accounts audited every year.
How does LEDGERS improve workforce management?
The Private Limited Companies are required to file the annual accounts and the returns that disclose the details of the shareholder and the directors to the ROC.
How does LEDGERS HR Software streamline payroll management?
LEDGERS HR software automates payroll deductions, tax compliance, and payroll reporting, offering businesses an employee payroll system that integrates HR management and workforce management.
What is payroll outsourcing, and how can it benefit my business?
A company can appoint a statutory auditor either for five consecutive years or till the conclusion of the next Annual general meeting. Therefore, an appointment of the statutory auditor cannot be considered as a part of annual compliance.
Does LEDGERS support time and attendance management?
The annual general meeting (AGM) is held for the management and the shareholders to interact with each other. The Companies Act,2013 makes it compulsory to hold meetings to discuss the yearly results and appoint auditors.
Can small businesses benefit from this payroll management system?
The companies incorporated under the Companies Act,1956 are required to file the following documents with the ROC The balance sheet in form 23AC which is to be filed by all the companies Profit and loss account in form 23ACA which is to be file by all the companies.
Does the software offer an employee self-service portal?
After the AGM all the private limited companies are required to file the annual return within 60 days of holding the annual general meeting.