11 February 2021
hello, in my proprietorship services business I have few employees. Do I need to deduct or do anything like PF, etc. apart from paying salary to them every month?
salaries are like: employee 1 - rs. 450,000 / year employee 2 - rs. 120,000 / year employee 3 - rs. 120,000 / year employee 4 - rs. 250,000 / year
next month I will be hiring two more people: employee 5 - rs. 750,000 / year employee 6 - rs 1,250,000 / year
so I just pay them monthly that's it. what I should be doing? I understand for employee 5 & 6 I will have to deduct TDS but anything else?
am I doing everything correctly? Please suggest. thanks
14 February 2021
No other documentation required. Professional tax deductible from salary and paid to government. Professional Tax in Karnataka Monthly salary (in Rs.) Tax (in Rs. Per month) Up to Rs.14,999 Nil More than 15,000 Rs.200
CAclubindia
