29 May 2013
If a person is earning basic salary of Rs 12000/- per month then PT liable to be deducted is Rs 200 p.m except in the month of Feb Rs 300/-. However in the above case if a person earns Rs 4000/- (i.e deduction on account of leave taken) then whether PT is liable to be deducted Rs 200/- or NIL?
29 May 2013
Yes Payal, you have to deduct PT, since the salary is 12000. the deduction of salary may lead to the actual credit being less than the actual salary, the amount of salary does not get reduced.
since the salary is not reduced, the PT liability stands as it is.
CAclubindia
