Hi Seniors,
I am currently working in an overseas consultancy. My MD asked me to prepare a payslip. Here, there is no PF, ESI, etc. Also, no professional tax is deducted. Kindly advise whether consultancies should deduct professional tax for employees. If yes, at what percentage. Also, please help me with the format of the salary slip for the consultancy.
From India, Chennai
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I am currently working in an overseas consultancy. My MD asked me to prepare a payslip. Here, there is no PF, ESI, etc. Also, no professional tax is deducted. Kindly advise whether consultancies should deduct professional tax for employees. If yes, at what percentage. Also, please help me with the format of the salary slip for the consultancy.
From India, Chennai
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Please see the attached model payslip. Also please note that Profession Tax deduction is required
From India, Bangalore
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202From India, Bangalore
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Based on the employee count, your company may fall under PF. Please refer to the [Compliance Wiki](http://stacowiki.in/en/acts/st-central/provident-fund-pf/) for more information.
The applicability and slab of Profession Tax will vary from state to state. Here is a reference document for [Profession Tax Slabs in India](http://docs.greytip.in/display/GOIN/Profession+Tax+Slabs+India).
From India, Bangalore
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The applicability and slab of Profession Tax will vary from state to state. Here is a reference document for [Profession Tax Slabs in India](http://docs.greytip.in/display/GOIN/Profession+Tax+Slabs+India).
From India, Bangalore
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Profession Tax.doc
Profession tax rates.jpg