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Ppf on salary
Sir,I own a retail shop with a staff of 26employees,so is it necessary to contribute for pf? None of my staff have earlier contributed to pf from previous employers.Also at present i am deducting profession tax and tds on eligible salaries .Please enlighten me with your knowledge as to what necessary deductions should be done by me on their salaries.Awaiting a reply !
Replies (2)
Yes,,,,,, 1. The limit of EPF registration is 20 nos of employees and ESIC is 10 nos of employees,,,,,,,,,,,,,,2. If you Employee is permanent than you should deduct EPF and ESiC ,,,,,,,,,,,,,,,,,,3. If you should deduct EPF against basic salary and ESIC against gross salary ,,,,,,,,Good Luck!
At present there are 17 permanent employees and 9 part-timers and housekeeping staff. So what are necessary deductions other than P.T and TDS ?
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