If employess salary is less than Rs 6500/- p.m. then can
employer if desires need not deduct PF . Is it right?
Answer Posted / varadan
YES, Its mandatory to deduct PF if employees salary is less than 6500/- (now is raised to 15000/-).
If basic is 5000/-
5000*12/100 = 600 ( employee contribution)
6500*12/100 = 780 ( employer contribution)
total = 1380
PF APPLICABLE FOR :
1. If more than 20 employees are working in a company
2. If more than 5 employees in a cinema theatre.
3. If more than 50 employee in a cooperative society .
that means if 2/3 employees are working in a small scale company is not compulsory to pay PF.
( now the minimum basic is raised to 15000.so less than 15000 (basic) you must contribute for PF.
Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
Rules for filling Income Tax return for a domestic manufacturing company.
can i adusted our vat credit in W.C.T. payable?
what is the circle of tds and its rate chart
How should the personal assets of a salaried employee be shown in his books of accounts ?
what is the prime cost? and factory cost how to calculate it?
How to working service tax in excel sheet?
What is the Rate of Service tax for Short term accommodation services & Restaurant Services ?
My unit is a manufacturing unit and deals in Auto-parts and registered in Central Excise,Service Tax and Sales Tax. Now,we intend to import machines in the company for sale them in Local market.What procedures we have to follow for the aforesaid purpose?
I had filed e-filling IT Return for A.Y.2011-12 before 1yr but yet I have not get Refund & not seen refund status at on income tax site now I filed e-return for A.Y. 2012-13 now what i do for refund A.Y. 2011-12?
what is highseas purchase and sales? how is custom duty calculated? what are the criteria for a person dealing in shares comes under tax audit? whether all equity oriented fund are eligble for stt?
what is fbt@ ,sd @
Making delivery challan is possiable between two branch of difference code
i want to know about Form c,D,E, E-1,E-2,F,G,H,I.WHEN IS LIABILITIES OF ISSUE OF ALL RELATED FORM ON SELLER AND BUYER.PLZ SEND THE ANSWER OF THIS QUESTION ON MY E-MAIL
Hello Sir, Please send the knowing calculation of attrition rate?
when we want bought a new asset (for ex. car)how we calculate our income with the eye of income tax