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Is revenue stamp is required if the employer transfer the salary to employees saving account and not by way of cash as per Indian revenue stamp act?
Wiki User
∙ 11y ago
No. Revenue stamps are applicable on cash payment.
Wiki User
∙ 11y ago
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Can you transfer money from ICICI bank to SBI account without collection charge?
Yes, We can i need to transfer my money to icici to sbi account
How do you transfer money from SBI account to Indian overseas bank?
The simplest way is through a "wire transfer" (which will, however, incur a fee). A wire transfer moves money from your current bank account to another account, whether in-state or out- of-state. There are some restrictions though, and these can be explained by the bank in which you currently have your account.
What is the minimum balance required for STI account?
For a savings account without a checkbook, Rs500 is the minimum balance required to open and maintain the account. For a savings account with a checkbook, the minimum balance doubles to Rs1,000.
What is the percentage of gratuity deduction in India?
The PF contribution is 12% of Basic salary from both employee and employer. For the calculation the maximum limit of Basic is Rs 6500/-. It means even if the employee's basic salary is above Rs 6500/- the employer is liable to contribute only on Rs 6500/-, that is Rs 780. However if an employee so desires he may voluntarily contribute more than 12%. Apart from it an employer also has to pay some administration charges. I explain you the various accounts of PF challan. A/c No 1: PF contribution Account A/c No 2: PF Admin account A/c No 10: EPS account A/c No 21: EDLIS account A/c No 22: EDLIS admin account PF admin charge = Employer has to pay 1.1 % of basic EDLIS: Employer has to pay 0.5% of basic EDLIS admin charge:Employer has to pay 0.01% of basic Total additional percentage employer has to pay: 1.61% of basic So employer has actually to pay 13.61 % of Basic and employee has to pay only 12% of basic. Employees complete 12% goes to PF account while employer contributions' 8.33% goes to Pension fund and 3.67% goes to PF fund.
What dcuments are required in open demate account in icici bank?
A national identity card or a national passport are the requirements that are required to open Demate Account in ICICI Bank. Other than the documents, the passport photo is the other document that is required to open the Demate Account in ICIC bank.
How do you write letter to employer about change of bank account and deposit salary?
letter advising employees of company bank change
How do you have your paycheck put into your checking account?
If you would like your paycheck to be deposited directly into your bank account by your employer, so that you do not have to deposit it yourself, you can ask your employer to do that. (You will have to provide a void check, so that the employer knows which account to use.) Many companies, but not all companies, do this for their employees. Even if your employer does not currently offer this option, perhaps a new procedure can be introduced for the convenience of everyone. You can suggest it.
What required to do a wire transfer?
The following things are required to do a wire transfer:MoneySender Bank Account DetailsReceiver NameReceiver Bank Account DetailsAll banks across the world can do a wire transfer as long as you have the above mentioned 4 items. They will charge you a fee for doing the wire transfer as well.
How do you transfer PF amount in new PF account which has been open by your new company?
The following are the steps in getting your PF Account from your old employer to the new account. 1. Join your new Organization and get the new PF Account opened 2. Get the PF Account number from your HR/Finance Department 3. Fill up the "Form 13" (This is the same form for PF withdrawal as well) with details of your previous employer, your old PF Account number etc. 4. Sign the form and hand it over to your current employer's HR/Finance Department 5. Your current/new employer will fill in the details of your current employment, get is signed by the authorized signatory of your organization and then submit it with the regional PF Office for transfer 6. The regional PF office will contact your old employer and then effect the transfer 7. In around 30 days, the money from your old account should be available in your new PF Account.
How do you find my new provident fund account number from my old number?
You cannot. You are not supposed to have two pf account numbers. If you switch jobs, you are supposed to either transfer or close the old pf account Eitherways you can get the account number from your employer
Does an employer ask if you have a Twitter account?
Now a days, more and more employees are asking employees, especially potential employees, about their social media presence, including Twitter. Many employers use Twitter to judge potential employment candidates' employability.
Can you get direct deposit in your savings account?
Direct deposit to your savings account must be available from both your banking institution AND your employer. Virtually all banking institutions offer this service but smaller employees may not.
Is there an easy way to switch from 401k rollover to Roth ira?
You need to get a form from your former employer. Secondly, open a roth IRA account with a bank. Complete the rollover form and your employer will transfer the funds to your roth IRA.
What is the government policy on superannuation?
Commonwealth law says that the employer must pay employees a value equal to 9% of their yearly wage into a employees individual superannuation account. Superannuation accounts can only drawn down by the person after a certain age.
Can we open PPF account of employee in company instead of PF account?
No. This cannot be done. A PPF Account is not mandatory for employees from an employer perspective but a PF account is. The government Mandates Provident Fund deduction for all permanent staff of companies. The PPF is a service which is available for interest citizens but it is not mandatory.
What is direct deposit?
Direct Deposit is a facility using which companies can credit the monthly paycheck or salary for their employees into their respective bank accounts. For example, my employer credits my salary on the 1st of every month into my bank account. All I have to do is submit a written request to my employer with the details of the bank account into which I want him to credit my monthly salary.
How can you transfer your normal Facebook account into a vip Facebook account?
I wat to transfer my account in vip account
