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    Sai Ramadasu's Avatar
    Sai Ramadasu Posts: 6, Reputation: 1
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    #1

    May 9, 2007, 04:40 AM
    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/-
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    May 9, 2007, 09:55 AM
    Employees normally have benefits, 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 insurance and have no benefits. But then you have a lot of tax deductions available as a consultant.
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