swati (Articled clerck) (129 Points)
16 January 2011Hello,
I want to know what are the mandatory deductions to be made by an employer while paying salary to his employees (like TDS, PF..apart from these, what else are mandatory) and what is the procedure for paying it to and when to pay to the govt . When to file these.
Its urgent..
Thank u in advance.
Devendra
(Chartered Accountant)
(4775 Points)
Replied 16 January 2011
Dear Swati,
Other than the above mentioned taxes, Profession Tax is also deducted from the salary.
Regards,
Devendra Kulkarni
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 16 January 2011
1) provident Fund
2) profession Tax
3) Employee State Insurence
4) Income Tax (TDS)
CAclubindia
