Pl. Note
EPF act is applicable wherever 20 or more employees are working including direct and indirect i.e. through contractor,
or on contract basis + casual etc.
So in your case, if you have other than 7 staff members, any other staff, employees appointed indirectly, the EPF act
would be applied accordingly.
2ndly, TDS is applicable subject to individual tax planning. Otherwise in your case as you have put-up, in current
F.Y. 2012-13, annual salary income of individual is Rs.20,000/- X 12 = 2,40,000/- (plus bonus if any payable/due to him)
First 2 lacks are exempt, on balance 40000/- tax liability would be 4,120/-. monthly TDS will have to be deductible
344/- per month during April 2012 to March 2012 in equal installment. You needs to obtain TIN No. for the same.
Feel free to contact for more details
Pramod Thakar & Associates
Pune
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9822435423