Pinky
asked
What do you mean by statutory payments?
0
0
Answer Now
Comment
Report
3
Answers
maryHelenn
answered
Statutory Payments means the payments required to be made to Government Authorities in terms of Applicable Law. the impossible quiz
Important Note – Preparing for CA Final?
CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.
Watch Sample Video Now by clicking on the link(s) below –
For any questions Request A Call Back
rohit awasthi
answered
Dear Friend
Statutory Payment
Statutory Payment refers to "of or related to statutes," or usually known as laws or regulations set down by a legislature. Statutes may originate with national, state legislatures or local municipalities.
Thanks
CA Sandeep Bohra
answered
Dear friend,
**Meaning**
Statutory payments are those taxes and dues which laid down by Government , statutory entities, local authority to be paid by the persons to whom they are made applicable . Such statutory payments are levied by them which are to be paid by the companies, firms, banks proprietors and other business as the case me.
**Types of Statutory Payment**
Some statutory payments are Service tax, Excise Duty, Wealth tax, VAT, CST, Income tax, Employee provident fund, Employees state insurance, Professional Tax, turnover tax, Local authority taxes municipality taxes etc.
