General PF & Gratuity rules

nusrat.madni · #11 26-06-2009, 05:24 PM

Dear Manasa,

but i Havent Listen abot Professional Tax, In Salary Structure,
is it compulsory or optional for the company.

jagspatiala · #12 02-07-2009, 11:50 AM

hiiii...

i m an accountant. i want to know that is it mandatory if a eomployer deduct PFthan he should also deduct the ESI

Reetu chaudhary · #13 16-07-2009, 05:11 PM

can anyone tell me the ways of reducing debtors? like Factoring , Debt Securitization & channel financing....plz tell those which can be easy to apply in company....n also How we can assess credit worthiness of customers???

waiting for ur reply...

Thanks & Regards

Reeetu Chaudhary

malikjs · #14 16-07-2009, 05:41 PM

dear ritu
this is not the correct forum to raise your query .pls put this query in finance forum,from there you may get some response.
regards
j s malik

Quote:

Originally Posted by Reetu chaudhary

can anyone tell me the ways of reducing debtors? like Factoring , Debt Securitization & channel financing....plz tell those which can be easy to apply in company....n also How we can assess credit worthiness of customers???

waiting for ur reply...

Thanks & Regards

Reeetu Chaudhary

Reetu chaudhary · #15 17-07-2009, 11:58 AM

plz tell me the rules of income tax for gratuity????

thanks & Regards

Reetu

mak007hr · #16 17-07-2009, 01:20 PM

Dear Reetu,

Amount of Gratuity paid under The Payment of Gratuity Act is exempted under Income Tax Act up to tune of Rs. 350000.00 and over and above Rs. 3.5 Lac shall be taxable in the hand of an employee.

Thanks
Mohd. Arif Khan

vj_jassu · #17 23-09-2009, 12:42 PM

Quote:

Originally Posted by jagspatiala

hiiii...

i m an accountant. i want to know that is it mandatory if a eomployer deduct PFthan he should also deduct the ESI

Yes if there is no. of employees more than 20 . it is compulsory to deduct the PF but Esi is only if gross salary is less than 10000

SHRIYA KARVE · #18 24-09-2009, 11:36 AM

Dear Mr. Vishwanath,

I appreciate the example you have set in explaining the salary break up. The formulas are also well fed in. But I want to express a doubt as to how can an employee attract ESI when his/her gross salary exceeds Rs. 10000/- p.m. Kindly remove the ESI factor & repost if possible. Also you may include Superannuation, gratuity deductions with appropriate percentage.

Best Regards,
Shriya Karve

tanu80 · #19 24-09-2009, 03:18 PM

Hi ,

I have one qustion..could you please tell me the brackets /range represents the base salary or the gross/net?

Regards,
Tarun

arulprakashd · #20 26-09-2009, 12:28 PM

Hi Snigdha,

Don't give PT slabs like this without any information of State and effective dates. There are some many documents available here in CiteHR statewise.

Regards,
Arul Prakash D.

Quote:

Originally Posted by Snigdha Manasa

professional Tax

Salary Tax. Rs

5001-6000 60

6001-10000 80

10001-15000 100

15001-20000 150

20000 ABOVE 200