Interested to Buy Any Domain ? << Click Here >> for more details...
Please give Leave encashment formula. Profession Tax & Pf
or any other Dedecution deduct on leave encashment or not.
- 3 Answers
- 14113 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / ashfaque
if company deducting from gross salary due to absent, is
bound to pay leave encashment on gross not on basic salary.
| Is This Answer Correct ? | 9 Yes | 3 No |
Answer / neelam garg
formula: Basic Salary/26(working days consider as per govt)
*no of leaves suppose basic salary 7500 & pending leaces 10
than leaveencashment amount will be : 7500/26*10=2884.61Rs
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / p. navaneetha krishnan
If an employee having Credit on is Leave (which can be
withdrawn / encashed) that will be paid (only the basic
amount not full day salary)
On encashment of leave, Government Levy should be deducted
@ 12% on the arriving amount and the same need to be paid
to the governement along with the employer contribution
(Provident Fund Account)
12% on Gross Amount from employer and employee to be paid
to Provident Fund Account without fail and immediately.
Professional Tax is a tax of the State Government, need to
be paid twice in a year September / March - October / April
on every year as per the given slabs by the governement as
far as tamilnadu is concerned it is maximum of Rs.810/- for
six month if salary (Gross) exceeds Rs.75000/-.
| Is This Answer Correct ? | 9 Yes | 14 No |
Hi All, I am working one company under contractual employee & My CTC is 9000 per month & take home salary is 8100, they are deducting 900/- as TDS per month on my salary, as i aware that, no TDS will be deduct below 160000 per year, can you plz post the answer or mail me on my mail id (itsaarmaan@gmail.com) (itsaarmaan@way2sms.com) Thanks in Advance to all. Hope you have correct answer & you will post as soon as possible.
computation of monthly income tax? example;-salary of male employee below 65 yr. of age the yrs inclusive of all perquisites is Rs.450000/- out of which rs.50000/- is account of non monetary perquisites and the employer opt.to pay the tax on such perquisites as per the provision?discusson above with reply
can anyone answer,how to calculate TDS for the whole year of a person whose salary is Rs 9000 p.m. so his D.A. has risen up quaterly wise for eg, April - June 63%, july to sept 73% which is upto fourth quater
1)How to calculate HRA in Income tax 2)Kindly give me Item list applicable for Tax deduction with their Amt limit and section (Ie Lta,grautity)
What is rate applicable of WCT in J&K
Hi, I am working in MNC, I Want to Know about TDS. What is Deposit date of TDS for all categaries & Which challan or Form What is date of Submit tds return quarterly for in a Company & Which form fill up
who is person issued form "H" in case of sale against form "H" (export sale)?
If Seller in Delhi deliveres goods above Rs.25,000.00 without form 38 to Haryana,and issues invoice @2% CST without buyer having VAt registration and receives full payment of invoice, whose responsibility is it to pay the difference in taxes wrongly billed by seller?
Certificates for other than salary TDS form.
If any bill amount is inclusive of service Tax? How to calculate?
12 Answers Mountain Edge, Savitri Engineering,
I have an interview, they are asking direct and indirect taxes and exp. pls tell me any one regarding this which type of questions they will be asking.
Where does the entry of TDS payable, sale tax payable, service tax payable will appear in Balance sheet or profit or loss a/c?
12 Answers ABC, PPS, SGI,
Audit 
