Employee Salary: PF, etc.
This query is : Resolved
Quick Summary
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
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
12 February 2021
any help?? please help here
13 February 2021
Please help. here need some info
13 February 2021
Less than 10 employees PF not applicable.
Employees 5 and 6 salary more than 5 lacs TDS has to be deducted.
Employees 5 and 6 salary more than 5 lacs TDS has to be deducted.
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2 times
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?
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?
14 February 2021
also sir is it 10 or 20 employees minimum for EPF?
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
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
Message likes :
1 times
14 February 2021
It's 20 employees.
Obtain shops and establishment licence from local authorities if not done earlier.
Obtain shops and establishment licence from local authorities if not done earlier.
Message likes :
1 times
14 February 2021
Thanks sir for all your help
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