My query is, is it possible to receive a salary from the employer with zero or nil deductions? I am currently employed in a small firm with 5 employees. I receive 18,000 per month in hand, and I have not allowed my employer to deduct ESI or PF from my salary.
Is this a common or acceptable practice? Please advise.
From India, Bangalore
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Is this a common or acceptable practice? Please advise.
From India, Bangalore
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Hi Moshin If your firm is registered with PF then its better to avail PF contribution. Anyhow ESI is not applicalble to you. I Hope even PT deduction is mandatory for your salary
From India, Bangalore
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653From India, Bangalore
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Dear Jeevarathnam, My firm is not yet registered for PF, and I don't want it to be deducted from my salary. Will this create a bad impact on my future employer?
PT Deduction
Secondly, please tell me about PT deduction.
Regards.
From India, Bangalore
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PT Deduction
Secondly, please tell me about PT deduction.
Regards.
From India, Bangalore
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Your gross salary is more than $15,000, so ESI is not applicable in your case. In the case of PF, your company is not legally bound to deduct PF. So it's absolutely fine to have your salary all in cash in hand.
Thanks,
Yogital
From India, Chandigarh
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Thanks,
Yogital
From India, Chandigarh
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You are liable for PT deduction of Rs. 2500 per annum as your salary is above Rs. 10,000. The PT slabs are as follows:
- Below Rs. 5000 - Nil
- Rs. 5000 - Rs. 10,000 - Rs. 175 per month
- Above Rs. 10,000 - Rs. 200 for all months and Rs. 300 in the month of March
I hope this clears your doubts.
Thank you.
From India, Nasik
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- Below Rs. 5000 - Nil
- Rs. 5000 - Rs. 10,000 - Rs. 175 per month
- Above Rs. 10,000 - Rs. 200 for all months and Rs. 300 in the month of March
I hope this clears your doubts.
Thank you.
From India, Nasik
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