Further we would like to draw attention to the following point :-

1) Social Security tax & TDS on Salary is separate taxes levied by the government.

2) Contributors of the the Social security tax may be provided benefits by the government for Unemployement allowance, Medical benefits etc.

3) Though Social security tax has been deposited by the employees working in various Govt. Private & other organisations, no details has been maintained of the contributors of the social security fund and now secretariat has been formed for the same.

4) It is advised to circulate the necessary instructions to the member to compile the data with the documentary evidence regarding the amount deposited on behalf of employees to the Tax office .

5) It is advisable that HR policy of the organisation to be made compatible with the upcoming labour laws, Social security Tax & other laws and proper working may be required at our end also



Regards
CA Subhash Khandelwal

Attachments:

File	Description	File size
Social Security tax on Salaried Employees		108 Kb