Dear All,
We are starting a company, in fact a partnership company with two persons. We have no idea about salary rules. Can we take a salary as employees while being owners at the same time? If we can take a salary along with all other employees, should we pay PF and ESI from our salary? If so, what about the employer side of PF and ESI - should we pay for ourselves from the company as well? Please help.
From India, Vijayawada
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We are starting a company, in fact a partnership company with two persons. We have no idea about salary rules. Can we take a salary as employees while being owners at the same time? If we can take a salary along with all other employees, should we pay PF and ESI from our salary? If so, what about the employer side of PF and ESI - should we pay for ourselves from the company as well? Please help.
From India, Vijayawada
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In partnership firm partners can take salary but there are lots of conditions are applied as per Income Tax Rules
From India, Bangalore
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727From India, Bangalore
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls