Menu
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 ?
Recent Threads
- Gift of money to my wife.
- Tax Audit If you show Loss
- GST Tax invoice Value Rs..234000
- Can I claim benefit under 54F if I sell my equity
- Income tax refund 25/26
- Who is responsible for paying GST Liability (If th
- Excess Payment on RCM
- AOC4 auto population of previous year data
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
Related Threads
CAclubindia
