Would you please help me for resolving my doubt regarding whether there is a need for ESI & PF registration for a private limited company having employees up to 12 and its incorporated on 2020.Also please clarify regarding deduction of Professional Tax of employees of said company.
Menu
ESI,PF & Professional Tax
Replies (2)
Yes, a private limited company with 12 or more employees is required to register for the Employees' State Insurance (ESI) and the Provident Fund (PF) schemes.
As for Professional Tax, it is a tax levied by state governments on individuals earning an income. The amount of tax and the threshold for tax liability vary from state to state. Employers are responsible for deducting and depositing professional tax on behalf of their employees to the state government. Therefore, you should check the professional tax rules in your state and ensure that your company is deducting and depositing the tax as required.
Thank you kriti,actually our company had only 10 employees so we need to register.
Recent Threads
- AIS NOT OPEN
- ICICI BHARAT 22 FOF AND NASDAQ 100 FOF CAP GAIN TA
- Schdule BFLA and CFL Error regarding adjustment of
- CIRCULAR WITH RESPECT TO WAIVER OF INCOME TAX OUTS
- How does opting for 44AD impact speculative income
- New GSTR 1
- Purchase and sale of land , showroom, building
- GTA provides services to unregistered person.GST i
- TDS on Sale of Ancestral property
- Tds on transport contractor
Related Threads
CAclubindia
