How should calculate pf,esi,pt,st,it,pt

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Amaresh.D (Querist)
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28 June 2013 Dear Sir
i am working as a accountant in Govt Office we offered one NGO to Serve a 10 employe as a contract basis we give 11OOO per person as a salary to NGO i.e 10*11000.. but our head office issused circular that have to deduct PF,ESI,PT,ST,IT so plese help acctually who have to deduct taxes & How plese give with example

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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28 June 2013 The employer has to deduct and pay the taxes . For all these, you have to depute one consultant in your City.
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Amaresh.D

Amaresh.D (Querist)
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28 June 2013 thanks sir

Amaresh.D

Amaresh.D (Querist)
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28 June 2013 but can u show with example how calculation will be please sir

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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28 June 2013 I can explain you about how contractors TDS is deducted. Monthly payment to the Contractor is 110000/- so you have to deduct tax @ 2% of the Contractor which is Rs.2200/-. Your organisation will issue a cheque of Rs 107800/- and Rs. 2200/- will be transferred to Govt A/c.
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Amaresh.D

Amaresh.D (Querist)
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28 June 2013 sir if you dont think wrong can u give your mobile number i have i dont distrub u daily it will be very usefull to me

Ki$hor B

Ki$hor B (Expert)
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29 June 2013 Amaresh,
what you are asking is li'l difficult to explain over the website. Best way is to see the actual workings during an audit.

Try reading the PF & other relevant acts as they are the base for working out the taxes.

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