Rajib Saha (Accounts Officer) 07 May 2019
One of my friend has started a new School from 1/4/2019.. He has employed 11 ( eleven) teaching and non-teaching staff including a Principal whose salary is Rs. 50,000/- (consolidated) per month. Salary of others are below Rs. 15,000/-( consolidated). My query :
1. Whether any initial period of exemption is available for new establishment.
2. While others drawing salary up to Rs. 15,000/- would be covered both under PF & ESI, what will be system for Principal drawing salary of Rs. 50,000/-.
I shall be obliged if a solution is given.
CAclubindia Online Learning offers a wide variety of online classes and video lectures for various professional courses such as CA, CS, CMA, CISA as well as various certification courses on GST, Transfer Pricing, International Taxation, Excel, Tally, FM, Ind AS and more. know more