I want to know, that On the payment of leave encashment to employees, whether PF would be deducted or not
gourav soni (student) (47 Points)
18 July 2012I want to know, that On the payment of leave encashment to employees, whether PF would be deducted or not
CA Hemant Jain
(Job)
(139 Points)
Replied 18 July 2012
Usually leave encashment is calculated on GROSS SALARY (that includes last Basic + HRA + Transport Allowance + VDA / DA).
So, in my view PF is not considered for calculation of leave encashment.
praveen
(Chartered Accountant)
(6971 Points)
Replied 18 July 2012
RIght PF will not be calculated on leave encashment.
Any question Join us on facebook and our experts will help you.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
