Consultant and Employee

Question

May 9, 2007, 03:40 AM

Sai Ramadasu

New Member

Join Date: May 2007

Posts: 6

Consultant and Employee

Differentiate between consultant and employee. Who will receive a good pay. How to calculate professional tax for Consultant. How to calculate tax for an employee. who is receiving a salary of Rs. 20000/-

Answers

May 9, 2007, 08:55 AM	#2

Fr_Chuck Super Moderator Join Date: Nov 2005 Location: Atlanta GA Posts: 20,325	Employees normally have benifits, health insurance, life insurance, disability, vacation pay and the such. An employee has a company that pays 1/2 of the social security tax and pays unemployment taxes. So as a consultant you have to pay all of your own taxes, have to buy your own insurnace and have no benifits. But then you have alot of tax deductions available as a consultant.

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