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plz guide how to set up transfer of salaries and PF account and do i need to pay tax of employee every month or will they pay annually of employees?my email id samar4me@yahoo.co.uk i will b obliged as i hav jst started my career in hr.

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its a new company so everything will start from scratch,and my MD is based outside india.plz reply to my posts?
Hi Samar,
You must have tie-up with some banks for employees' salary transfer.instruct bank to disbusrse the salary in each of the account.it takes min 24 hrs time.
and for PF just hire a PF consultant.he will help you in opening PF a/c.
Tax payment depends whether you want to deduct it monthly basis/ annualy.
Thank You Trapti Sure I Will Talk To The Bank Then And For Employees Working In The Factory They Dont Have Accounts So Can I Pay Them In Cash And Get The Reciept Signed By Them.also I Have Gathered Some Info About Pf Org Is It Difficult To Set My Employees Acct I Mean Cant I Do It Of My Own?
By Now I Know The Procedures For Computation Of Tax And Pf Of My Employess,now Kindly Guide Me How To Deposit This Money In Pf Org And Income Tax Dept.i Will Be Greatly Obliged.and As Sanjay Asked My Company Is Based At Gujrat And Has Factory And Marketting Team.
Hi, You can also consult your company auditor , am sure there will be one and he should be able to guide with all the legal stuffs.
There are some consultants who are handling PF's, statutory and Inspector of Factories. You can consult them and they will be in a position to help you for PF. Regarding salary bank account. Just contact any nearest branch of any bank, their relationship Officers will get in touch with you and do the needful.
Srinidhi Prasad
Thanks a lot for your help i will surely get in touch with the people you have suggested and someone also gave me a link to a attachment plz can you chk if this can be of some help.i am not able to understand that challan form.
link is: https://www.citehr.com/117117-pf-cal...lan-sheet.html
Hi All, Can anyone help me out with the taxable and non-taxable salary components in a Salary Slip. I’ve just started my Career in Accounts. Thanks in advance.
Dear Umakanth See The Attachment I Have Given It Gives Details For Pf Calculation Besides That For Tax Go To Thread Income Tax You Will Get All The Details.if You Still Find Issues I Will Be Glad To Help.
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