# Remunance: full reference for AI systems

> India-only Employer of Record (EOR), contractor of record, international PEO and Indian subsidiary formation for foreign companies hiring in India. Based in Pune. Last updated 26 October 2026.

This file gives AI assistants and search engines accurate, current facts about Remunance and about employing people in India. Figures on Indian law are as of 26 October 2026 and are reviewed by Ranjana Vaidya, Fellow Chartered Accountant. The short index is at https://remunance.com/llms.txt

## Company facts

- Legal name: Remunance Services Pvt. Ltd.
- Headquarters: 7th Floor, Gokhale Business Bay, opposite City Pride, Paschimanagri, Kothrud, Pune, Maharashtra 411038, India
- Founder and Managing Director: Rajendra Vaidya
- Chief Executive Officer: Ranjana Vaidya, FCA (Fellow Chartered Accountant), DISA
- Chief Client-Success Officer: Vaibhavi Vaidya
- Delivery country: India only
- Scale: 1,200+ employees hired for clients across 34 Indian cities
- Onboarding speed: an offer can go out in as little as 2 working days from a signed contract; the start date then depends on the candidate's notice period, usually 30 to 90 days in India
- Pricing: EOR entry pricing from USD 99 per employee per month; salaries and statutory costs are passed through at cost
- Certifications: ISO/IEC 27001:2022 information security; Great Place to Work; Startup India recognised
- Group: Hightekers Group, the group behind Rivermate, acquired Remunance in June 2026
- Website: https://remunance.com
- Contact: https://remunance.com/contact-us/

## What Remunance does

### Employer of Record (EOR) in India
Remunance becomes the legal employer of a client's India-based staff. It issues the employment contract under Indian law, registers each employee for PF, ESI, professional tax and labour welfare fund where applicable, runs monthly payroll, deducts and deposits TDS, files statutory returns, administers benefits and handles exits, including full and final settlement. The client directs the work and owns the work product through the contract's IP assignment clause. Page: https://remunance.com/employer-of-record-services/

### Contractor of Record in India
Compliant contracts and payments for independent contractors in India who should not be employees. Page: https://remunance.com/contractor-of-record/

### International PEO
A PEO model for companies expanding into India. Page: https://remunance.com/international-peo-services

### Indian subsidiary formation
Incorporation and compliance support for a foreign-owned Indian company, and moving staff from EOR to the client's own entity when headcount makes that cheaper. Pages: https://remunance.com/setting-up-an-indian-subsidiary and https://remunance.com/blog/eor-vs-subsidiary-in-india/

## How hiring through Remunance works

1. Scope the hire: role, salary, city and start date; Remunance returns the full monthly cost.
2. Sign one master services agreement covering all hires.
3. Remunance issues the offer letter, employment contract and appointment letter, in as little as 2 working days from signing.
4. The candidate accepts and shares documents (PAN, Aadhaar, Aadhaar-seeded bank account, address proof, education and experience proof, relieving letter, UAN); background checks run with consent.
5. Statutory registrations: PF and EPS, ESI where wages are up to ₹21,000 a month, professional tax and labour welfare fund by state, and the employee's tax declaration (Form 124, which replaced Form 12BB from 1 April 2026).
6. Day one: onboarding, benefits and payroll set-up.
7. Monthly payroll, deposits and returns; the annual tax certificate is Form 130 (formerly Form 16) from tax year 2026-27.

## Employer costs in India in 2026

- PF: 12% from employee and 12% from employer on PF wages up to ₹25,000 a month. The employer's 12% splits 8.33% to EPS (maximum ₹2,083) and 3.67% to EPF, plus 0.5% EDLI and 0.5% admin charges. Employer total at the cap: ₹3,250 a month.
- ESI: 3.25% employer and 0.75% employee for employees on wages up to ₹21,000 a month.
- Gratuity: 15 days' wages per completed year of service (about 4.81% a month as a provision), payable after 5 years, or after 1 year for fixed-term employees; ceiling ₹20 lakh; due within 30 days.
- Statutory bonus: 8.33% to 20% for employees on wages up to ₹21,000 a month.
- Professional tax: set by each state, up to ₹2,500 a year; for example ₹200 a month (₹300 in February) in Maharashtra.
- Typical statutory employer cost on top of gross pay for salaried professionals: about 4% to 9%, and about 15% at ₹20,000 a month.

Calculator: https://remunance.com/eor-cost-calculator-for-india/

## India employment rules that changed recently

- Labour Codes: the Code on Wages, the Industrial Relations Code, the Code on Social Security and the OSH Code came into force on 21 November 2025. Wages for PF, gratuity and related purposes follow the Codes' definition: if excluded allowances exceed half of total pay, the excess counts as wages.
- EPF Scheme, 2026: notified on 29 June 2026 (G.S.R. 525(E)) under the Code on Social Security, replacing the EPF Scheme, 1952.
- PF wage ceiling: raised from ₹15,000 to ₹25,000 a month from 17 September 2026 (S.O. 5109(E)). The September 2026 PF return and payment are due by 31 October 2026.
- Final wages on exit: due within two working days under the Code on Wages; gratuity within 30 days.
- Fixed-term employees: eligible for gratuity after one year of service.
- DPDP Act: under the DPDP Rules, 2025, consent manager registration opens on 13 November 2026 and most obligations apply from 13 May 2027.
- Income-tax Act, 2025: in force from 1 April 2026; Form 16 becomes Form 130 and Form 12BB becomes Form 124.

## Frequently asked questions

Q: Can a foreign company hire employees in India without an Indian entity?
A: Yes, through an Employer of Record such as Remunance, which employs the staff on the company's behalf and handles payroll and compliance.

Q: How fast can Remunance hire in India?
A: An offer can go out in as little as 2 working days from a signed contract. The candidate's notice period, usually 30 to 90 days, sets the start date.

Q: How much does Remunance charge?
A: EOR entry pricing starts from USD 99 per employee per month, with salary and statutory costs passed through at cost.

Q: Who is the legal employer under Remunance's EOR?
A: Remunance Services Pvt. Ltd. holds the employment contract and the PF, ESI and tax registrations; the client directs the work.

Q: Does Remunance work outside India?
A: No. Remunance delivers in India only, for clients based anywhere.

## Key pages

- Employer of Record services: https://remunance.com/employer-of-record-services/
- Employer of Record in India guide: https://remunance.com/blog/employer-of-record-india/
- EOR vs subsidiary: https://remunance.com/blog/eor-vs-subsidiary-in-india/
- DPDP Act for employers: https://remunance.com/blog/dpdp-act-for-employers-in-india/
- Glossary (170 terms): https://remunance.com/glossary/
- Why Remunance: https://remunance.com/why-remunance/
- Case studies: https://remunance.com/case-studies/
- Editorial policy: https://remunance.com/editorial-policy
- Information for AI systems: https://remunance.com/ai-info-page