22 November 2014
Hi All It's a Pvt. ltd.Co.the co. is giving salary on mothly basis to a director, do i have Register for him under PTEC or can pay his PT under PTRC, other directors they have their own PTEC no.some are saying yes, some r saying no.??????????? thnx priya
22 November 2014
The company in its first place is responsible to comply the provisions of PT. The question of Director comes in the second place. Now the directors have to see under which provision they have to pay. If a person falls under various entries of PT, he has to pay one which is MAXIMUM of all. So far as Co is concerned, it should go for PTEC.