Hi Seniors, I am currently working in a overseas consultancy.My MD asked me to prepare Payslip. Here no PF,ESI etc.Also No Professional tax is deducted.Kindly advice whether consultancies should deduct professional tax for employees.If yes at what percentage.also please help me with format of salary slip for consultancy
From India, Chennai
From India, Chennai
Please see the attached model payslip. Also please note that Profession Tax deduction is required
From India, Bangalore
192From India, Bangalore
Based on employee count your company may come under PF. Please refer compliance wiki here
Profession Tax applicability and slab will vary from state to state. Here is a reference document Profession Tax Slabs India
From India, Bangalore
Profession Tax applicability and slab will vary from state to state. Here is a reference document Profession Tax Slabs India
From India, Bangalore
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Sample of Pay Slip.zip
Pay slip.xls