Boston Financial Advisory Group Senior Associate Operations Interview Questions and Answers for Experienced

Statutory compliance refers to the legal requirements that organizations must follow to ensure they are operating within the law.

• Statutory compliance includes adhering to laws related to labor, taxes, environmental regulations, and more.

• Organizations must stay up-to-date on changes to laws and regulations that may affect their operations.

• Failure to comply with statutory requirements can result in legal penalties and da...read more

The due dates for GST, PT, PF, ESIC, MSME vary depending on the state and type of business.

• GST due date is usually 20th of every month

• PT due date varies from state to state, usually quarterly or monthly

• PF due date is 15th of every month

• ESIC due date is 15th of every month

• MSME due date varies depending on the scheme and state

Payroll processing involves calculating employee salaries, taxes, and deductions, and issuing payments.

• Collect employee time and attendance data

• Calculate gross pay based on hours worked and pay rate

• Deduct taxes and other withholdings

• Issue payments via direct deposit or check

• Maintain accurate records for tax and audit purposes