Contract with employees

Satish mj (Manager - Commercial) (24 Points)

10 July 2012

Hi,

I need a format for entering into contract with employee, where no statutory deductions are not applicable (PF & ESIC).

Secondly can a company enter into such type of agreement, if so under what rule/act/section ?

Thanks

MJS

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2 Replies

venkatesh (Tax Consultant) (80 Points)
Replied 10 July 2012

As per the Pf act u should pay PF to the employees. For the applicability there are many issues like minimum employees and many more.

U cannot enter into an agreement where there is a statutory rule for the PF. If u enter also it is not a valid agreement.

Statute prevails over the Agreement.

mike (MTO) (43 Points)
Replied 17 July 2012

I suggest to all big compnies whom want to give some service,they ought to setup penshion contribution scheem and health allowance etc.

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