Dear All, Can any one let me know how to calculate fee structure for retainer. need it urgently........ thanks in advance Shreya
From India, Ahmadabad
2From India, Ahmadabad
hi all, are there any retainers here, who deal in training consultation in organizations Regards Shreya
From India, Ahmadabad
From India, Ahmadabad
im really sry for being so unclear, actually i need to know if anyone can help me develop a fee structure for retainers who deal in soft skills training for organizations Regards Shreya Mishra
From India, Ahmadabad
From India, Ahmadabad
Hi, The major component can be under 'Professional Services Charges' and Rs. 800 per month under transportation charges. Also ensure that you deduct all applicable taxes. Regards, Alpha
From United States, Mountain View
From United States, Mountain View
Dear Shreya,
Retainers are personnel's retained after the age of 58 or 60 due to non availability of competent personnel's in that particular post. Their salaries are fixed by the management unlike other personnel's working in a firm or factory. They are paid normal salary as decided by the management with a deduction of TDS. They are not eligible for PF or Gratuity. They work like the normal employee from 9 to 5 or whatever the timings are, if they are working in afactory they follow the factory rule.
At times Retainers are appointed to avoid tax implcations in the normal day today working.
Retainers are personnel's retained after the age of 58 or 60 due to non availability of competent personnel's in that particular post. Their salaries are fixed by the management unlike other personnel's working in a firm or factory. They are paid normal salary as decided by the management with a deduction of TDS. They are not eligible for PF or Gratuity. They work like the normal employee from 9 to 5 or whatever the timings are, if they are working in afactory they follow the factory rule.
At times Retainers are appointed to avoid tax implcations in the normal day today working.
i would like to add the fact that nowadays retainers could also be people who would be working for an organisation, who may or may not be above 58-60 yrs and are paid salary with a deduction tax (TDS).
this saves PF other contributions from the Company's side.
From India, Mumbai
this saves PF other contributions from the Company's side.
From India, Mumbai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.