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 ?
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 ?
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Defective Return - Tds on advance
- Fixed Deposit Claim Relinquishment by the Nominee
- TCS ON SOFTWARE SALES
- Not a CA , can we prepare balance sheet
- Income Type for interest from government bonds
- TDS RATE ON RENT PAID TO NRI
- GSTR-9 HSN Summary and Credit Note without item
- I WANT CLEAR DETAIL AND HOW TO ENTRY IN TALLY
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Gstr 9 2023-24
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- GST RCM not shown in GSTR-3B
Trending Online Classes
CAclubindia
