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Moving from a small company to MNC

 
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Hi guys! I am working for a small company. My company pays me salary of 18000 rupees per month without tax and PF. Now I am looking for better companies. I have cleared the technical round at [DELETED]. Will I have any problem at the HR as I don't have PF or Tax. But I have a salary account opened by the company. What do I do now? I am very much worried about my future.
 
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Vijayan,
Welcome to the Ranch.

I have edited your post and removed the name of the company. Please check out these guidelines, which say, discussions mentioning company names is not allowed
https://coderanch.com/t/31504/Jobs-Discussion/careers/New-Guidelines-Job-Discussion
 
Maneesh Godbole
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When you switch companies, you get a new PF account anyway. Some months back there was a talk of SSN which would be one account across employments, but I haven't heard anything more about the actual implementation.

My company pays me salary of 18000 rupees per month without tax and PF


But I have a salary account opened by the company


I am confused with these two statements. What do you mean without tax.
12 months @18K comes out to 2,16,000 which is definitely in the taxable bracket.
You mean they pay you in cash, across the table with no paperwork?

 
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Vijayan kumar wrote:Hi guys! I am working for a small company. My company pays me salary of 18000 rupees per month without tax and PF. Now I am looking for better companies. I have cleared the technical round at [DELETED]. Will I have any problem at the HR as I don't have PF or Tax. But I have a salary account opened by the company. What do I do now? I am very much worried about my future.



That seems to be illegal! Without tax???
 
Vijayan kumar
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Is it mandatory for the companies to deduct the tax from the salary? Can't the employee pay tax? If it's possible how can I pay tax for the salary I am receiving? Would the MNC's mind if I pay the tax?
 
Maneesh Godbole
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Consult your CA. You will get authenticate and professional advice there.
 
Vijayan kumar
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I don't have a CA . Please tell me what can I do?
 
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Vijayan kumar wrote:I don't have a CA . Please tell me what can I do?



Contact any CA, that's not an issue. Get copy of you bank statement for last 3-4 months, and a photocopy of your salary slip (if you get one) and/or your offer letter, and you should be OK. Explain everything to HR honestly and they would understand.

AFAIK, in India - if it's a proprietary company TDS is not employer's liability, but most of them would do that anyway. For any other establishment (Pvt Ltd or otherwise), TDS is mandatory.
 
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Vijayan kumar wrote:My company pays me salary of 18000 rupees per month without tax and PF.


and still you think its a small company ??
 
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Not having a PF account shoulnt at all be an issue. Anyways, your new employer will open a new PF account for you. So, thats taken care of.

When you join the new organisation, if they ask for some kind of proof for your previous salary, you can submit the salary slips (I am assuming you are having them)

Not having your previous Form 16/Form 2D could be an issue. That wont stop you from joining the new organisation, but if your new organisation asks you to initiate process for work-permit/business visa this might be a problem
 
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