Account Finalization For Manpower
No, there is no threshold limit of account finalization for Manpower & Employment Agencies finalization in India. The Ministry of Labour and Employment has not set any such limit.
However, manpower agencies are required to maintain certain records, such as the identity of the employer and employee, the terms of employment, and the wages paid. These records must be kept for a period of at least three years.
For more information visit this site: https://www.incometax.gov.in
The Ministry of Labour and Employment does have a threshold limit for the registration of manpower agencies.
Agencies that place more than 500 workers in a year are required to be registered with the ministry.
Agencies that place fewer than 500 workers are not required to be registered, but they are still subject to the same laws and regulations as registered agencies.
