Consultant vs salaried employee
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 November 2011
Which one of the two is more benificial.
Being hired as a Consultant or as a Salaried Employee.
I'm hired as a manager finance in a non-profit organisation and I need to figure out what sort of arrangement between me and the ngo works out better for me on planning my taxes. Should I be hired as a Consultant where i'd be getting professional fees on a monthly basis or as a salaried employee.
My negotiated salary is 6.5 lacs. Could some1 please give me a calculation of the two comparisons.
Being hired as a Consultant or as a Salaried Employee.
I'm hired as a manager finance in a non-profit organisation and I need to figure out what sort of arrangement between me and the ngo works out better for me on planning my taxes. Should I be hired as a Consultant where i'd be getting professional fees on a monthly basis or as a salaried employee.
My negotiated salary is 6.5 lacs. Could some1 please give me a calculation of the two comparisons.
CA PARAS BAFNA
(Expert)
06 November 2011
It is better to get professional fees. You can show certain expenses like car exp, depreciation , telephone expenses etc.
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