Employee Salary: PF, etc.

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Rahul Singh (Querist)
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11 February 2021 hello, in my proprietorship services business I have few employees. Do I need to deduct or do anything like PF, etc. apart from paying salary to them every month?

salaries are like:
employee 1 - rs. 450,000 / year
employee 2 - rs. 120,000 / year
employee 3 - rs. 120,000 / year
employee 4 - rs. 250,000 / year

next month I will be hiring two more people:
employee 5 - rs. 750,000 / year
employee 6 - rs 1,250,000 / year

so I just pay them monthly that's it. what I should be doing? I understand for employee 5 & 6 I will have to deduct TDS but anything else?

am I doing everything correctly? Please suggest. thanks

Rahul Singh

Rahul Singh (Querist)
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12 February 2021 any help?? please help here

Rahul Singh

Rahul Singh (Querist)
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13 February 2021 Please help. here need some info

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 February 2021 Less than 10 employees PF not applicable.
Employees 5 and 6 salary more than 5 lacs TDS has to be deducted.

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Rahul Singh

Rahul Singh (Querist)
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13 February 2021 thanks youuuuu... Sir

So apart from PF & TDS, is there any other formality that needs to be done from my side?

Every month after paying salary, apart from Salary Slip do I have to give any other documentation?

Rahul Singh

Rahul Singh (Querist)
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14 February 2021 also sir is it 10 or 20 employees minimum for EPF?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 February 2021 No other documentation required.
Professional tax deductible from salary and paid to government.
Professional Tax in Karnataka
Monthly salary (in Rs.) Tax (in Rs. Per month)
Up to Rs.14,999 Nil
More than 15,000 Rs.200

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 February 2021 It's 20 employees.
Obtain shops and establishment licence from local authorities if not done earlier.

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Rahul Singh

Rahul Singh (Querist)
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14 February 2021 Thanks sir for all your help

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