Hello, To give you a gist of the situation, I am the sole proprietor of a firm in India employing less than 5 people and my firm is registered under the shops and establishment act. My question is, can I issue payslips to my employees in case one of them wants it as a proof to apply for a loan in a bank? If I can issue payslips, do I need to register for a TAN number even though I do not collect any sort of tax from my employees (5 employees, none of who receive more than Rs.1,60,00 per annum)? Any assistance in this matter will be greatly appreciated.
CAclubindia
