banner_ad

Pf on net or gross arrears

This query is : Resolved 

12 March 2019 My arrear calculation sheet has a gross of Rs.300000/-. The payroll department has deducted tax @30% on Rs.300000/- which is Rs.90000/- . Then subtracted the accumulated PF amount from the residual Rs.210000/-.
My query is whether PF should have been subtracted from gross Rs.300000/- and then tax is implied
OR
The payroll department calculation is correct.

Regards

15 March 2019 It wont matter much, as while filing your income tax return, you will have to pay tax after getting pf deduction

Net payable will be same as after deducting TDS and PF from the salary


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details