MCA Compliance Calendars & Company Filings
Company and LLP annual filings are regulated by the Ministry of Corporate Affairs (MCA) under the Companies Act, 2013.
| Filing category | Current verified position | Key requirement |
|---|---|---|
| Financial Statements (AOC-4) | Filing company financial statements (P&L, Balance Sheet) with ROC. | Due within 30 days from the date of the Annual General Meeting (AGM). |
| Annual Return (MGT-7/7A) | Filing company shareholding, directors, and corporate details. | Due within 60 days from the date of the AGM. |
| Director DIR-3 KYC | Mandatory annual KYC for all active directors holding a DIN. | Due on or before September 30 of every FY. Penalty of Rs. 5,000 for delay. |
| LLP Form 3 (Agreement) | Filing the executed LLP agreement with MCA after incorporation. | Due within 30 days of LLP incorporation. Daily late fees apply. |
What a serious compliance expert should verify
- Form ADT-1 (Auditor Appointment): Statutory auditor must be appointed in first AGM, and Form ADT-1 filed within 15 days.
- Startup 80-IAC Tax Exemption: DPIIT-recognized startups get 100% tax exemption for 3 consecutive years out of the first 10 years (turnover cap Rs. 100 Crore).
- MCA V3 Portal mapping: Ensure DSC and PAN are registered and mapped on the V3 portal before attempting filings.
- Commencement of Business (INC-20A): File INC-20A within 180 days of incorporation to avoid company strike-off.
Documents for company and ROC filings
- Audited financial statements (Balance Sheet, P&L, Notes to Accounts).
- Director DSC, PAN, and address proof for KYC.
- Board minutes and shareholder resolutions.
- Active company CIN/LLPIN and MCA credentials.
Payroll Processing Services: year and source check
Last fact-checked: 18 June 2026.
Direct and indirect tax laws, corporate filings, and compliance rules are subject to change by CBIC, MCA, EPFO, and RBI notifications. Always verify circulars before executing a transaction.
Use official government portals (such as GST portal, MCA V3, e-filing portal, and TRACES) first. Articles and competitor calculators should be treated as guidance, not legal advice.
FAQs
What is the penalty for late filing of ROC annual returns?
The penalty for late filing of ROC forms (such as AOC-4 and MGT-7) is a flat late fee of Rs. 100 per day per form from the due date, with no upper cap.
When is the due date for DIR-3 KYC filing?
The due date for filing DIR-3 KYC (for directors holding active DINs) is September 30 of every financial year. Delayed filing attracts a reactivation penalty of Rs. 5,000.
How can a startup claim the Section 80-IAC tax exemption?
The startup must be recognized by DPIIT, be incorporated as a private company or LLP, have an annual turnover below Rs. 100 Crore, and apply online to the Inter-Ministerial Board (IMB) for tax holiday approval.
Frequently Asked Questions
1. How should salary components, allowances, and EPF be structured for employees working in Payroll Processing Services?
Salary structures for Payroll Processing Services should optimize Basic, HRA, and allowances to reduce tax liability. Employee EPF contributions are mandatory at 12% of basic pay if the company has 20 or more employees.
2. What are the tax deductions and rules for retirement benefits in the context of Payroll Processing Services?
Employees in Payroll Processing Services can claim HRA exemption under the Old Regime, while standard deduction (₹75,000 under the New Regime) and tax-free gratuity up to ₹20 lakh apply under rules.
3. Is HRA exemption available under the New Tax Regime?
No. Under the default New Tax Regime, all major deductions and exemptions—including HRA, LTA, and Section 80C deductions—are abolished. Salaried employees can only claim the standard deduction (₹75,000) and NPS employer contribution u/s 80CCD(2).
4. What is the standard deduction for salaried employees for FY 2025-26?
For FY 2025-26, the standard deduction is ₹75,000 under the default New Tax Regime, and ₹50,000 under the Old Tax Regime. This deduction is automatically subtracted from your gross salary income in your ITR.
5. How does EPF contribution affect my salary slip and taxes?
The employee contributes 12% of basic salary + DA to the EPF, which is deductible under Section 80C (Old Regime only). The employer matches this 12% contribution. Under Section 80CCD(2), the employer's share is exempt up to ₹7.5 lakh aggregate.
6. At what point does EPF interest become taxable?
If an employee's contribution to the EPF exceeds ₹2.5 lakh in a financial year (or ₹5 lakh if there is no employer contribution), the interest earned on the excess contribution is taxable as 'Income from Other Sources'.
7. What is Professional Tax (PT) and how is it deducted?
Professional Tax is a state-level tax levied on salaried employees, capped at a maximum of ₹2,50,0 per annum. It is deducted from your gross salary monthly and is fully deductible under Section 16(iii) under the Old Tax Regime.
8. What is a perquisite under Section 17(2)?
Perquisites are non-cash benefits provided by an employer to an employee, such as rent-free accommodation, corporate cars, club memberships, or concessional loans. The valuation of perquisites is added to your taxable salary, and the employer deducts TDS on it.
9. How is gratuity calculated and is it tax-free?
Gratuity is paid after 5 years of continuous service. It is calculated as `(15 * Last Drawn Basic Salary * Years of Service) / 26` for employees covered under the Payment of Gratuity Act. It is tax-free up to a lifetime limit of ₹20 lakh.
10. What is Form 12BB and why is it important?
Form 12BB is a mandatory declaration form submitted by employees to their HR at the end of the financial year. It details all tax-saving investments (80C, 80D, home loan interest, rent receipts) along with physical proofs, allowing the HR to calculate and deduct the correct TDS.
11. What happens if I change jobs mid-year and do not submit Form 12B?
If you change jobs and do not declare your previous salary details to your new employer in Form 12B, both employers will apply basic exemptions and standard deductions. This leads to double-benefit claims and results in a large tax liability plus interest when you file your ITR.
12. How is Leave Travel Allowance (LTA) exempt from tax?
LTA covers travel tickets for yourself and your family within India. It can be claimed tax-free twice in a block of 4 calendar years under Section 10(5) (Old Regime only). The exemption is restricted to the actual travel cost, not hotel or food expenses.
13. What is the difference between Form 16 Part A and Part B?
Part A is generated from the income tax portal and contains quarterly TDS summaries deposited under your PAN. Part B is issued by your employer and contains a detailed calculation of your gross salary, exempted allowances, deductions under Chapter VI-A, and net tax payable.
14. Why is my monthly TDS in salary slip different from month to month?
TDS is calculated by projecting your annual taxable income and dividing the estimated tax by the remaining months in the year. If you declare investments late or receive a variable bonus, your projected income changes, causing the monthly TDS to be adjusted.
15. Can I claim deductions if my employer has already deducted TDS based on full salary?
Yes. If you missed submitting investment proofs to your HR on time, you can still claim deductions like Section 80C, 80D, and HRA directly when filing your ITR, and claim a refund for the excess TDS deducted by your employer.