Dear Sir, I have a employee and i will pay him 1 lac fixed in hand without deducting any tax or PF. kindly suggest me how i can issue him salary slip, kindly share any format if available. Thanks.
From India, Varanasi
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From India, Varanasi
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Dear Akhi,
How can you pay a 1 Lakh salary to an employee without deducting TDS? Is it a consolidated salary? Is your company covered under the EPF Act? Is profession tax applicable to your company?
From India, New Delhi
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691How can you pay a 1 Lakh salary to an employee without deducting TDS? Is it a consolidated salary? Is your company covered under the EPF Act? Is profession tax applicable to your company?
From India, New Delhi
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If the employee is getting ₹1 lakh in hand per month, then he has to pay income tax. Therefore, your company will be liable to pay the same along with a penalty for not deducting TDS. An alternative is to gross up the salary to include tax and pay the differential to the government.
From India, Mumbai
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From India, Mumbai
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Dear Srinath sir,
Our company is covered under the PF & ESIC acts. However, our advocate has informed me that we cannot deduct PF & ESIC for employees whose basic salary exceeds 25,000 rupees, and professional tax is not applicable in Uttar Pradesh. Therefore, we pay a net salary of 1 lakh (without deducting PF, ESIC, or professional tax). Kindly advise on the applicable rate for TDS deduction for the employees.
Thank you.
Regards,
From India, Varanasi
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Our company is covered under the PF & ESIC acts. However, our advocate has informed me that we cannot deduct PF & ESIC for employees whose basic salary exceeds 25,000 rupees, and professional tax is not applicable in Uttar Pradesh. Therefore, we pay a net salary of 1 lakh (without deducting PF, ESIC, or professional tax). Kindly advise on the applicable rate for TDS deduction for the employees.
Thank you.
Regards,
From India, Varanasi
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Dear Akhi,
Please update your knowledge in Labour Laws. ESI is not applicable for employees whose monthly gross salary is above Rs 21,000/-.
With regard to EPF, you have to issue EPF Form #11 to all EPF-excluded employees to determine their eligibility for coverage under the EPF Act. EPF contribution is payable on Basic + DA + VDA.
Regarding TDS deduction, please check with your Accounts department.
From India, New Delhi
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Please update your knowledge in Labour Laws. ESI is not applicable for employees whose monthly gross salary is above Rs 21,000/-.
With regard to EPF, you have to issue EPF Form #11 to all EPF-excluded employees to determine their eligibility for coverage under the EPF Act. EPF contribution is payable on Basic + DA + VDA.
Regarding TDS deduction, please check with your Accounts department.
From India, New Delhi
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Salary slip final.xls
Salary slip.doc