Pf on net or gross arrears

This query is : Resolved

Manisha Mukherjee (Querist)
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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

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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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