ranga_ag

"Greetings All, I request you to kindly update the TDS slabs for the Companies, Non-Companies, commission, and others. Regards, Rangrajan 9741155458" ... (more)

"Greetings All, I am working in a Pvt Ltd Co, where we are manufacturers and suppliers of AHUs, and we also engage in AMC work. Is AMC taxable under the Sales Tax Act? If so, could you please provide me with the relevant section and the applicable tax rate? Thanks, Rangarajan 9741155458" ... (more)

"Good morning Dillip, Very good article. Please post these types of articles regularly. Regards, Ranga Rajan 9741155458" ... (more)

"As per my knowledge, the gratuity cannot be transferred from one employer to another employer. Only the PF amount can be transferred. Gratuity will be paid in a one-time settlement. Regards, Rangarajan" ... (more)

"Hi, The eligibility for gratuity is 5 years. The calculation for gratuity is based on the last drawn Basic+DA multiplied by 15, then divided by 26, and finally multiplied by the number of years of service rendered. Rangarajan" ... (more)

"Greetings All, I kindly request everyone to inform me about the records that need to be maintained under central excise in the manufacturing unit and their purpose. Thanks, Rangarajan 9741155458" ... (more)

" Hi Kavitha, Be aware of your company’s compensation policy and the pay structure to process payroll. You should also have a little bit of knowledge on leave administration as well as your company’s attendance policy to process error-free payroll. Deductions: Provident Fund: Employees' contributio" ... (more)

"Greetings Kavitha, PF Contribution is 12%. ESI is 1.75% (ceiling limit ₹15,000). P.Tax is ₹150 and ₹200. Regards, Rangarajan" ... (more)

"Hi, Is it mandatory to file the Annual Returns, viz. Form No. 20, J.K.L, and M to the Inspector of Factories? If not, kindly send me the circulars along with the notifications. Thank you. Regards, Rangarajan" ... (more)

"Greetings Santanu, As per the PF Act, the standard deduction for PF is restricted to Rs. 6500/-, and accordingly, the employer has deducted 12% on Rs. 6500/-, which works out to Rs. 780/-. This is correct. Regards, Rangarajan 9741155458" ... (more)

"Greetings Member, Gratuity is payable to an employee for the service he has rendered to the company. In case of death, the company is not liable to pay for the future unserved service period. However, one must complete 5 years of service to be eligible for Gratuity. All the best, A.G. Rangarajan 974115545" ... (more)

"There is no chance of exempting the ESI, as the limit has been increased to Rs. 15,000/-. Another option is to increase the salary to Rs. 15,500/- so that he can qualify for the exemption. Rangarajan 9741155458" ... (more)