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
WHEN FORM VAT R-2 USE?
in a company, if employee contributing To PF equal to employer contribution. can he voluntarily stop his contribution while he is in service with that company?
how many form used in sales tax return from begining to ending?
A individual advocate recievs legal fees. is he liable to pay service tax @ 12.36% on it?
Our Company dedduct TDS on the collection charge and claim (rate diff claim, scheme claim, collection charge means , if any party take material directly form our store our company give them frieght charge and deduct tds@10.30%). my question in what category of this type of TDS decution ? is it payment to contractor or what ?
Explain deferred tax asset?
WHAT IS THE DIFFERED ASSET , WHAT IS THE PROVISION OF IT GIVT ME THE EXAMPLE WITH ENTERY ON MY E.MAIL sonidilip87@yahoo.com
What is excise & service tax?
HOW TO CALCULATE PF, ESI, VAT, SALES TAX ETC.,
How much is the tax & surcharge % against d-1 form. on cement,steel,electrical item,RMC,
WHAT IS THE MAIN OBJECTIVE TO ISSUE THE WAYBILL TO THE SUPPLIER ? WHAT IS THE TAX LIABILITY ARISES ? WHO HAS THE OBLIGATION TO PAY THE TAX ?
Pls.tell me some website name who display practical question & answers of accounting work. like tds, service tax entry and some more. also provide important knowledge of all taxes.
if am registered dealer & i am using road permit, i have to pay entry tax, which goods, I am receving in jammu
DEFINATION OF INCOME TAX , WEALTH TAX , INDIRECT TAX ,DITECT TAX , AND CORPORATE TAX ?
define double entry bookkeeping