Can A Sole Proprietor Pay SALARY
Advance Search Feature
Available Downloads - Page 1
Search Result For "Can A Sole Proprietor Pay SALARY" - Page 1
Sir, I have one question regarding a sole proprietor firm that has 70 or more employees, but there is no compliance with labor acts such as PF, ESIC, PT, etc. This unit is a manufacturing unit, yet there is no registration under any labor act. Is it mandatory to...
I have started my own proprietor firm, and the total number of employees is 4\. However, my problem is that I will pay 1 lakh salary to 1 employee, and the remaining three will receive just 40,000\. Could you please advise me on how to prepare a salary slip for ...
@saima_ahmad:> Hi All,> > My husband and I are planning to set up our own consultancy firm as partners. I am interested to know what should be the first step in setting it up. There are many posts on this; however, I would request some senior member to guide us ...
Dear Garima,I am attaching a list which may be useful for you:ALPHONSE9443625359attribution: [https://www.citehr.com/466197-planning-start-hr-consulting-sole-proprietor.html#ixzz2ZT12f18S](https://www.citehr.com/466197-planning-start-hr-consulting-sole-proprieto...
You have to pay their remuneration in the name of salary only. You can use the wage slips under the Minimum Wages Act, 1948 which would be available in stores selling the various labor law forms and registers.
Dear Debjani M,With all appreciation for the reply from Mr. Umakanthan, I would like to mention that the intention of your lawyer friend is to hire the persons as "consultants" and pay them "Professional Fees" with the intention to avoid any unforeseen liability...
Dear friend,The earliest form of running a business is sole proprietorship, and I think it is still the most common type of business venture. When such a sole proprietor hires people on a regular basis to run the business, a substantial employer-employee relatio...
As a sole proprietor with three people working under me, I understand that PF, ESI, and TDS are not applicable. However, recently, a lawyer confused me by stating that I cannot pay "Salary" or issue "Salary Slips." Instead, I must use the term "Professional Fees...
Hi, I am in the same situation as you. What is the final process you followed?The employees working for me are all working from home, and I am giving less than 20K per month. What should I do? I did not issue any offer letter in LH.Main Query: What is the best &...
Sorry, I could not understand. Can I continue to pay them using the word "salary" or not? If yes, I request a salary slip format, please.