First you have to segregate employees pay roll into (1) coming under TDS and (2)not coming under TDS.
Pay roll should be complete in respect just for final disbursement, and amount credited into each employees personal account as being due to them. By this you have fullfilled the statutory requirements of PF, ESIC, TDS etc. etc.
So your first priority is to pay those deductions into Govt. Account. Since Govt did not bother whether employee get their money or not but timely payment is only counted by them to levy penalty.
Secondly, decide when funds would be available for payment of these and in what proportion, then pay them into their bank account or in cash as the case may be at different dates.
I would suggest that a proportionate payment on every 27th or 28th of each month goes into the employees account as they have to run their family and meets expenses.
Because with the trend on the 1st of each month each one will stand at the door of the employees for their money like milk, news paper, and the like etc.
If you delay the salary, not only your company suffers by financial crunck and liquidity each employees has to undergo mental torture by Home Mininster and also the persons she has to answer.
Always think of the end user how it would help them in their needs.
Regards
Ram
Pay roll should be complete in respect just for final disbursement, and amount credited into each employees personal account as being due to them. By this you have fullfilled the statutory requirements of PF, ESIC, TDS etc. etc.
So your first priority is to pay those deductions into Govt. Account. Since Govt did not bother whether employee get their money or not but timely payment is only counted by them to levy penalty.
Secondly, decide when funds would be available for payment of these and in what proportion, then pay them into their bank account or in cash as the case may be at different dates.
I would suggest that a proportionate payment on every 27th or 28th of each month goes into the employees account as they have to run their family and meets expenses.
Because with the trend on the 1st of each month each one will stand at the door of the employees for their money like milk, news paper, and the like etc.
If you delay the salary, not only your company suffers by financial crunck and liquidity each employees has to undergo mental torture by Home Mininster and also the persons she has to answer.
Always think of the end user how it would help them in their needs.
Regards
Ram