tax deduction reg.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 April 2011 Sir,
If employee wants his leave encashment during the year that is come under taxable income so is that compulsory that what ever
tax liability come on that leave encashment portion should be deducted from the that bill and not from his regular salary. whether it is must to deduct the tax from the concerned bill amount.

If I could not deduct the tax from his leave encashment bill and deduct all his tax liability from regular salary bill, it
is punishable ?

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
Follow

20 April 2011 You can deduct the same from the regular salary. Leave encashment will be added to salary & your overall tax deduction should not be less than the total tax payable on the whole salary (including the leave encashment)

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

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Suvigya Tiwari

ANUPAMA L KANT

Abhishek Kabra

MUNISH KUMAR

Tushar Gupta

Subscribe Now

tax deduction reg.

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

CA Final

Accountant

Article Assistant

GST CONSULTANT