I am a sole proprietor with 3 people working under me. I know PF, ESI and TDS is not applicable. However, recently a lawyer confused me by saying, I cannot pay SALARY or issue SALARY SLIPS, I must use the word Professional Fees for the monthly amounts I pay to them.
1. Can I or can I not pay "Salary"? The appointment letters I had given them stated a monthly remuneration. Now that they requested me for salary slip, this confusion came up.
2. Does anyone have the format of salary slip or professional fees slip I can provide to them?
1. Can I or can I not pay "Salary"? The appointment letters I had given them stated a monthly remuneration. Now that they requested me for salary slip, this confusion came up.
2. Does anyone have the format of salary slip or professional fees slip I can provide to them?