Contract,pf and pt act
This query is : Resolved
04 February 2013
In case their is a contract between a company and a individual for employment and the company restrict the employee from PF benefits but deduct PT is the contract void,voidable or valid. As in a case a company has a contract with an individual for 2 years and have given a designation but have specifically restricted the employee to participate in PF but deduct PT from the salary. Would this be covered u/s 192 or 194J of Income tax? and what is the standing of Contract
Santosh Mishra
(Expert)
02 March 2013
The contract would not said to be valid.
Since it is a contract of employment, his income should be dealt under section 192.
Only when person is contracted as a consultant to provide assistance in specific projects, section 194 would apply.
Also, profession tax is deducted by employer from its employees and not from consultants/professionals; they require to pay the same themselves.
Since it is a contract of employment, his income should be dealt under section 192.
Only when person is contracted as a consultant to provide assistance in specific projects, section 194 would apply.
Also, profession tax is deducted by employer from its employees and not from consultants/professionals; they require to pay the same themselves.
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