Answer Posted / madhusmita pal

Hi friends!
After viewing the very good efforts from your side I think
I should also contribute something.
Well...

Any organization having minimum 10 employees, PF
registration is must and less than that the company will go
for a volunteer registration.

PF (Provident Fund)can be calculated on 12% of Basic+DA.
for example: If Basic+DA=6500/-
Then 12% of 6500=780/- can be deducted

Both employer and employee contribute 12% for PF.
From 12% of employer's contribution 8.33% goes for EPS
(Employee Pension Scheme) & 3.67% goes for EPF (Empoyee
Provident Fund).

And the Basic+DA should not exceed standard basic
i.e.,6500/- per month for employer's contribution of 12%.

If it exceeds then the employer can take exemption on his
whole 12% contribution.But in some cases the companies opt
to contribute but the contribution should be restricted to
12% of 6500/- (standard basic) only.

But the employee contribution of 12% is based on actual
Basic+DA.
For example: If Basic+DA=7000/- (exceeds standard basic of
6500/-)
Then, Employer's 12% contribution is
calculated on 6500/- (standard basic)
& employee's 12% calculation is calculated on
7000/- (actual basic)


And ESI (Employee State Insurance)is deducted every month
for employees, whose gross salary is not more than 10,000/-
Employee's contribution=1.75% of gross salary
Employer's contribution=4.75/% of gross salary

Please guide us about Forms and where is it will use i.e.Form C, Form h, Form F. if other form has please guide us about of that Forms?

1941

---

the TDS rates and Income rates are equal in calculation of the salary and please send the IT slab rates for the employees and comapnies.

2079

---

What is the date of depositing entry tax and submission of return?

2314

---

How is income tax calculated?

1035

---

Is Service Tax chargable by Real Estate devlopers to be charged on the entire cost of the property or only on the service conent of the cost and not on the cost of land and cost of construction material? Can the developers demand Service Tax on installments paid by the buyers before the real sale takes place?

3315

---

how we can access the Tax Deduction through PAN ?.

1921

---

hi how can we know and how to caulata pf. caucaltion of diffrent copany how much rate of pf deducted by company which is the best site to know our pf information

1873

---

what is sales tax assesment or annuel return company and how to do end of the finiancial year and what is form no 240.

1983

---

When and how Wct is applicable on Labour Job Work and what is the percentage?

2896

---

vat return dates for uttrakhand

2567

---

what the procedure of filing mvat pls. explain in briefly ?

2215

---

In one year how many times tds, service tax, and Mvat is paid?

2700

---

What is Stock Reconciliation Statement , why we make the Stock Reconciliation Statement.

2120

---

calculation of Tds on subcontractor

2386

---

How to calculate rental exemption if HRA is not given seperately and what will be the maximum allowability and under which Section of Income tax

1805

---