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.