PF, ESI, PTAX
This query is : Open
06 January 2011
IF WE ARE PAYING SALARY Rs 9000/- TO EMPLOYEE. WHETHER I HAVE TO DEDUCT PF, ESI,PTAX.PLEASE SAY THE RATE. AND SUPPOSE WE SHOW THE EMPLOYEE UNDER CONTRACTOR HEAD, IN THAT CASE WHETHER I WILL DEDUCT THE ABOVE TAX OR CONTRACTOR WILL DEDUCT. PLZ REPLY
11 January 2011
if you shown as your employee & if you are paying than, :
Your must have to deduct all the above mentioned taxes if you registered under PF, ESI PTAX ETC..
as u said RS.9000/- Professional tax will be RS. 175/- Slab
Providend fund will be deducted @ 12.5% on basic salary say... if RS.3500/- is basic salary from RS.9000/- than 12.5% ON 3500
IF YOU ARE SHOWING THE EMPLOYEE OF CONTRACTOR i.e. UNDER contractor head than,:
You no need to deduct the Professional tax, but PF you must have to pay, as you are a principal contractor & if your contractor is not get registered himself under PF ACT
If any query revert back......... i hope you clear now..!!!
still other experts ans solicited
Your must have to deduct all the above mentioned taxes if you registered under PF, ESI PTAX ETC..
as u said RS.9000/- Professional tax will be RS. 175/- Slab
Providend fund will be deducted @ 12.5% on basic salary say... if RS.3500/- is basic salary from RS.9000/- than 12.5% ON 3500
IF YOU ARE SHOWING THE EMPLOYEE OF CONTRACTOR i.e. UNDER contractor head than,:
You no need to deduct the Professional tax, but PF you must have to pay, as you are a principal contractor & if your contractor is not get registered himself under PF ACT
If any query revert back......... i hope you clear now..!!!
still other experts ans solicited
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- TDS under section and rate of TDS
- GST input on scooter purchased
- TDS under section 194Q and TCS under section 206C
- GST input on car insurance and repairs
- GST input on Diwali gift to employee
- GST input on Mobile Handset
- Material and freight in same invoice
- TDS under section 194J inclusive of reimbursement of expenses
- TDS on Material and Labour in same invoice
Trending Online Classes
CAclubindia
