PF & PT to be deducted or not
This query is : Resolved
11 February 2010
The policy of the company is to give the employee, the amount equal to the amount of his one month salary on his termination by the company.
In that case whether is it necessary to deduct provident fund, Profession tax from that amount?
In that case whether is it necessary to deduct provident fund, Profession tax from that amount?
CA Prashant Gupta
(Expert)
11 February 2010
yes,
it is specific in PF act to deduct PF on salry whether it is arrear or in other mean.
it is specific in PF act to deduct PF on salry whether it is arrear or in other mean.
CMA Ramesh Krishnan
(Expert)
11 February 2010
Agreed
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