jeeni said : Dear Sir,

I have posted a querry in labour and employee relation under personal file.

Request you to share all your views on it.

Regards

Ranjeet

Madhu.T.K said : The definiton itself makes it clear that such allowances do not attract PF. PF is to be given on Basic, DA, Food and retaining allowances (that is paid when there is no work in the establishment but in order to retain some talented employees, we pay an amount but not as salary but as retaining allowance)

Madhu.T.K

shaukat hussain said : thnks Madhu Ji,
Can you provide me some document or ruling regarding non implementation of PF on Entertainment allowance?
Regards
Shaukat Hussain

shaukat hussain said : Dear Madhu ji

Kindly clear our salary component Entertainment Allowence is also to be included to calculate PF contribution ?
Regards
Shaukat

12.kunal said : Dear Sir,

I searched on Cite, but could not find related to my query.
Brief about our company policy:
We follow the same block of 4 years, where 1 and 3 are taxable(where bills are required and if not then total taxable) and 2 and 4 are non taxable(where no bills are required)

Q 1: Employees want to make yearly entitled LTA pay on monthly basis(Annual LTA/12) -- Can we do or not? If Yes, then incase any employee produce the actual bill for travel during the calendar year then s/he will get Tax benefit on produced bills and else will be taxable. Eg. 10000 yearly entitlement and employee produced tickets for 5000 then his 5000 thousand will be taxable and 5000 thousand will non tax

Ans:

Q 2: Incase employee did not claim LTA in Non taxable year and he claims LTA in next year Taxable year without bills, will the total accumulated amout be liable for Tax or previous year non taxable amount will be exempted?

Ans


I am eagerly waiting


Regards
Kunal
9212573449

shaukat hussain said : Dear Madhu ji,

Our packing contractor has submitted a lumpsum bill based on per metric tone basis For Rs.100000/- how much amount will be considered for PF ESIC deductions.While Contractors profit/Exp.and PF ESI contribution is included in this amount.

Regards
Shaukat HUssain

shaukat hussain said : Dear Madhu ji,
Kindly clear my confusion regarding service tax applicability on Contractors bills based on Per metric ton/piece rate .Also want to know PF ESIC liability on such kind of bills submitted by Contractors to company.
Thanks with regards
Shaukat Hussain

Madhu.T.K said : Profession tax like income tax is deducted from the employee's salary and then how can it become part of CTC? There is no employer's share to it. Of course, for the revenue that the employer makes out of selling his products or service, he is bound to pay Profession tax which is paid as an expense and it will not come under employees CTC.

12.kunal said : Dear Sir,

We are planning to open 1 branch in Bangalore, which comes under Karnataka shop establishment also Professional Tax applicable there.

I want to know about entire Professional tax from starting(registration) till end.

if salary is more than 15000k then 200 is applicable.

My question: is 200 deduction from employee side only or is there any amount which has to be given by employer side also.

Can we show 200 part of CTC Breakups?

Process for registration



Regards,

Kunal Kumar

attribution Professional TAX


attribution http://www.citehr.com/452124-query-p...#ixzz2Lagikz3r

12.kunal said : Sir,

Hope you are doing great!!!

Sir, I am preparing developing 360 degree appraisal system in my company and I got stuck at some where. Need your high experience help on appraisal system. will be great for me if we can talk via some way. I will not be able to explain each an everything here in writting, that is why I am requesting you for live talk.

"What we think or what we believe is, in the end, of little consequence. The only thing of consequence is what we do." ~ John Ruskin

Regards,
Kunal Kumar