If employess salary is less than Rs 6500/- p.m. then can
employer if desires need not deduct PF . Is it right?
- 8 Answers
- 15509 Views
- I also Faced
- E-Mail Answers
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
which is the first liability for pay Service Tax to GOvt
Please guide me... We are dealing in trading of industrial material. What is the difference between importer, 1st stage dealer, 2nd stage dealer and 3rd stage dealer? Whether all of these above can pass on the excise duty to the end user. Please tell me and thanks in advance.
In India for various goods supplied Excise duties applied by suppliers on goods? How to check this.. Is there any website in
DEFINATION OF CONTRACT ACT IN PARTNER SHIP FIRM AND COMPANY?
What are the procedures for remitting WCT?
WHEN I AM DOING 1ST TIME VAT RETURN E-FILLING, WHAT IS PROCESS FOLLOW HOW GET E-RETURN FILLING PERMISSION HOW APPLY FOR GET THE USER I.D & PASSWORD FOR E-RETURN FILLING IF ELSE, PLEASE GIVE ME THE RIGHT ANSWER ON MY E-MAIL ADDRESS ON sonidilip87@yahoo.com
Our company is engaged in a business of Real state developer in andhra pradesh. we want to purchase some material from other states. we have central sales tax registration. whether we are eligible for issuing a form 'c' to the supplier being a deeloper.
Rules for filling Income Tax return for a domestic manufacturing company.
I am working at Himachal Pradesh, let me know cant i adjust entry tax in vat? if no then why or yes, please exlain.
If a person have been appointed as a Director in more than one company, what is the rule of paying Prof. tax ? Is Directors prof .Tax has to be paid by all the Companies whre he is a director.?
What is FBT & Service Tax Remittances?
can i adusted our vat credit in W.C.T. payable?
Central purchase is eligible for issuance of H form. Whetther H form can be issued against local purcahse also? What I came to know is : earlier H form can be issued against central purchase only, but after intoduction of VAT, department issued notification regarding issuance of H form against LOCAL PURCHASE also. Is it true? If true then please tell me about notification/ circular/ relevant section or law. Please look into the matter. Thanx n Regards
how to calculate tax for the income earners
WHAT IS SHEDULE , HOW MANY TIPE OF SHEDULE IN COMPANY & PARTNERSHIP FIRM , WHAT IS IN EACH SHEDULE HEAD CONTAIN , PLEASE GIVE ME THE ANSWER ON MY E.MAIL sonidilip87@yahoo.com
