Hello Everybody ,
I am working in a small company and our resources strength is 7 .
Can we take PF.ESIC, PTax .
If yes then what is the procedure ?
If no what is the problem ?
Kindly help me .
Yours Faithfully
Smruti
From India
I am working in a small company and our resources strength is 7 .
Can we take PF.ESIC, PTax .
If yes then what is the procedure ?
If no what is the problem ?
Kindly help me .
Yours Faithfully
Smruti
From India
Dear Smruti,
You have not specified nature of your company. Also your location is not mentioned.
For a manufacturing company, the criteria of PF and ESI is -
i) With power (i.e. manufacturing operations) 10 employees should exist
ii) Without power 20 employees should exist
However, PF act has allowed not voluntary membership. You can contact PF office near your area.
The PT is applicable for selected states. In Maharashtra it is applicable. I will dig out some information on PT and get back.
Regards,
Vaishalee
From India, Pune
175You have not specified nature of your company. Also your location is not mentioned.
For a manufacturing company, the criteria of PF and ESI is -
i) With power (i.e. manufacturing operations) 10 employees should exist
ii) Without power 20 employees should exist
However, PF act has allowed not voluntary membership. You can contact PF office near your area.
The PT is applicable for selected states. In Maharashtra it is applicable. I will dig out some information on PT and get back.
Regards,
Vaishalee
From India, Pune
Hello Everyone,
I have started a Consulting Firm recently in chennai
Now i have started temp staffing and leasing business also, at present i have 4 employees. shall i proceed for ESI, PF & PT registration.
If yes, please suggest how to forward and what are procedures and relevant documetns has to submit
Awaiting for your response
Regards
Eswar
From India, Madras
I have started a Consulting Firm recently in chennai
Now i have started temp staffing and leasing business also, at present i have 4 employees. shall i proceed for ESI, PF & PT registration.
If yes, please suggest how to forward and what are procedures and relevant documetns has to submit
Awaiting for your response
Regards
Eswar
From India, Madras
The concept of 20 for factories running without power no longer exists now and it is 10 for factories and 20 for establishments coming under Shops Act.
In the instant case, only Profession Tax is applicable. If you desire to go for ESI registration, you should have at least 20 employees (if you come under an establishment) or 10 employees (in case yours is a factory). You can include all your casual, daily rated and security personnel to make the employment strength 10/ 20, as the case may be. Once you get registration, you can show them as left service. By doing so, you will be covered for the rest of the time.
For voluntary coverage of PF (which is given to establishments employing less than 20 employees) the approving authority is the Central PF Commissionerate. As such the process would be time consuming. At the same time, if you work out the list of employees to 20 as explained in the case of ESI, you will get it as per statute from the local PF Office itself. Once registration is obtained, you can show the casuals or fake names as left in the next months return (form 10)
But before going for the registration please think twice!!
Regards,
Madhu.T.K
From India, Kannur
In the instant case, only Profession Tax is applicable. If you desire to go for ESI registration, you should have at least 20 employees (if you come under an establishment) or 10 employees (in case yours is a factory). You can include all your casual, daily rated and security personnel to make the employment strength 10/ 20, as the case may be. Once you get registration, you can show them as left service. By doing so, you will be covered for the rest of the time.
For voluntary coverage of PF (which is given to establishments employing less than 20 employees) the approving authority is the Central PF Commissionerate. As such the process would be time consuming. At the same time, if you work out the list of employees to 20 as explained in the case of ESI, you will get it as per statute from the local PF Office itself. Once registration is obtained, you can show the casuals or fake names as left in the next months return (form 10)
But before going for the registration please think twice!!
Regards,
Madhu.T.K
From India, Kannur
Dear Smruthi
Kindly update the number of employees in your company.
Professional Tax is mandatory for each and every company.
Procedure.
1) Approach your location Professional Tax office and fill the required forms (Process varies between State to state for PT)
2) Based on the title of the company (Limited, Propreitorship or Partnership) required documents has to be submitted.
3) Address proof of business location & Address & ID proof of Directors or partners has to be produced.
Only after registration you should deduct PT
For ESI & PF kindly tell me the organisation size so we can revert on the same.
any queries are always welcome
Regards
From India, Bangalore
Kindly update the number of employees in your company.
Professional Tax is mandatory for each and every company.
Procedure.
1) Approach your location Professional Tax office and fill the required forms (Process varies between State to state for PT)
2) Based on the title of the company (Limited, Propreitorship or Partnership) required documents has to be submitted.
3) Address proof of business location & Address & ID proof of Directors or partners has to be produced.
Only after registration you should deduct PT
For ESI & PF kindly tell me the organisation size so we can revert on the same.
any queries are always welcome
Regards
From India, Bangalore
Dear Smruthi Sorry I din’t see the strength of your company. Your company will not come under ESI & EPF act. But PT is applicale Regards
From India, Bangalore
From India, Bangalore
Dear,
Only PT is applicable as per act. If employee & employer want to deduct PF then PF is also applicable but not compulsory.
With Regards,
Vneet Deshmukh.
"EVERY THINK IS POSSIBLE ONLY WHEN IF YOU CAN DO IT"
From India, Yavatmal
Only PT is applicable as per act. If employee & employer want to deduct PF then PF is also applicable but not compulsory.
With Regards,
Vneet Deshmukh.
"EVERY THINK IS POSSIBLE ONLY WHEN IF YOU CAN DO IT"
From India, Yavatmal
Dear Charanjeet Singh Ji,
House rent allowance and dearness allowance are taxable income.
Actual travelling allowance and daily allowance during official tours are not taxable to certain limits.
Medical allowance is also not taxable if the employee has medical bills, cash mema etc. for the amount received and spent by him/her. If there is no expenditure on medical ground for self and family members, the allowance becomes taxable.
I have not followed first part of your query about ceiling on HRA etc. Please elaborate. Thanks and regards,
From India, Pune
House rent allowance and dearness allowance are taxable income.
Actual travelling allowance and daily allowance during official tours are not taxable to certain limits.
Medical allowance is also not taxable if the employee has medical bills, cash mema etc. for the amount received and spent by him/her. If there is no expenditure on medical ground for self and family members, the allowance becomes taxable.
I have not followed first part of your query about ceiling on HRA etc. Please elaborate. Thanks and regards,
From India, Pune
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PT,ESIC,TDS,FBT ,S[1][1].Tax Calculator.xls