Pay divided by 12

From what I've heard, it's not mandatory to register for EPF until you have a certain number of employees (15/20 something). Is this a seed stage startup?

This happens in my company too. We get the entire salary in hand, need to pay tax ourselves. Catch is, everyone is a contractor on paper and not an employee. Helps me save shitloads in taxes under presumptive tax.

Tds will be cut as mandated by law.

Ya i work for a US company as contractor
And with this opportunity you can save good money in taxes if you are filing ITR for less than 50 lacs

No, pre tax will be about 50 LPA, then it’s around 36 LPA in hand

My first question is would the bloody salary come on time?

Must need to pay income tax, though there are several benefit of this than TDS like he can register himself a business for tax calculation or use 44ADA and pay tax on half salary.

Yes, I have a simar pay structure, unlike what you might have heard, there are situations where a company need not deduct TDS

Yea I worked like that also hired contractors in the same way

Yes that's real!