PF and TDS deduction on Leave encashment
This query is : Resolved
CA Gaurav Rastogi
(Querist)
01 January 2009
Dear Sir,
Do we need to deduct TDS and PF when we make provision for leave encashment at the year end when the co has or has not a policy of carry forwarding the eqarned leaves?
Thanks
Regards
Gaurav Rastogi
9971230877
Do we need to deduct TDS and PF when we make provision for leave encashment at the year end when the co has or has not a policy of carry forwarding the eqarned leaves?
Thanks
Regards
Gaurav Rastogi
9971230877
O.D.SHARMA
(Expert)
03 January 2009
only TDS is required.PF is not mandatory for over 12 month payments in any shape
CA Gaurav Rastogi
(Querist)
03 January 2009
Dear sir,
Kindly calrify your answer.
Thanks
Kindly calrify your answer.
Thanks
Kishanlal Paliwal
(Expert)
15 October 2010
TDS is liable to deduct since the leave are the part of Salary and taxable under the provisions of Income Tax.
PF is not required to deduct from leave payment since PF is calculated on Basic salary.
In other words the leave is not form the part of Basic salary.
Regards
K.L.Paliwal
PF is not required to deduct from leave payment since PF is calculated on Basic salary.
In other words the leave is not form the part of Basic salary.
Regards
K.L.Paliwal
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- Ito add credit side of bank
- GSTR9 Annual Return
- Employee secondment
- IMS (import of goods) ITC related
- Positive Balance in RCM Liability/ITC Statement – Commercial Rent RCM – Guidance Required
- LLP audit and disclosure
- Gift to nri relatives resides in usa
- Capital Gains Tax on Inherited Mutual Fund
- Applicability of tax on invoice
- Capital gain on commercial property and investment in residential property
- Import of Capital Machine
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
