V Natarajan (Manager) (29 Points)
03 February 2012Dear Sir
A "x" PERSON WORKING IN A COMPANY. THAT COMPANY HAVING ANOTHER 3 COMPANIES. FACTUALLY X IS WORKING ALL THE COMPANIES. SO FAR HE IS TAKING SALARY FROM ONLY ONE COMPANY. DUE TO THE CASH FLOW/PROFITABILITY OF THE COMPNAY, CAN THE SALARY BE SPLIT AND GIVE IN TWO COMPANIES. EMPLOYEE WILLING TO TAKE AND PAY TAX ACCORDINGLY
THANKING YOU IN ADVANCE
R.S.KARTHIK
(Article Assistant----Final Student)
(59 Points)
Replied 03 February 2012
I think YES, the employer's salary can be split and shown in the books of 2 companies, also in the computation of the said employee it can be shown, under the head ' Income from Salary ' as "From Employer A and Employeer B".
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 03 February 2012
where the salary is paid under the obligation of employer and employee relations, an employee can join duty at single employer only, he may offer professional services to others, but employment itself is a full time obligation, so he can not work at simaltenous places more than one.
Harsha
(Financial Accountant)
(60 Points)
Replied 04 February 2012
indraneel karumanchi
(student)
(49 Points)
Replied 04 February 2012
suppose x is working in a company named "y" and "y" is having tie with "A" and "B" the employer and employee relationship lies only with "X" and "Y" nd hence saliry cannot be split
CA Sherya
(Executive)
(29 Points)
Replied 04 February 2012
One way is to show other employment as a part time employment with other company & then split the salary according to proportionate basis..
Roshan A
(Chartered Accountant)
(458 Points)
Replied 04 February 2012
Agreed.There cannot be multiple employee-employer relations simultaneously.
indraneel karumanchi
(student)
(49 Points)
Replied 05 February 2012
no we can have multiple employer and employee relationships
Rishi Malhotra
(Sr Manager)
(21 Points)
Replied 09 February 2012
Option: 1
The company where employee code is issued and issue the debit note to the other two sister companies for the employee's working. Which is allowed and done in most of the companies.
Option: 2
The employee can work only in one company at a time or work as a part timer in all three companies. In such case he can choose to work as a part timer.
Option: 3
The employee can work as independant consultant and raise the invoice on all three companies.
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