E.KALAIKOVAN (Sr. Accounts Manager ) (340 Points)
24 March 2012An employee EL balance as on 31st March is 27 days. Employee can not encash EL, as the EL balance is less than 30 days. But the employer wrongly calculated EL for the 27 days and adjusted against the Employee Staff Advance.
Can the employer deduct TDS against the EL against staff advance?
CA.Vinita Gupta
(Deputy Manager- Finance)
(2923 Points)
Replied 25 March 2012
Earned Leave Encashment is similar to Salary. Depending upon the Quantum of Money the Employer can take the decision of deducting Tax u/s 192B
RAVI patidar
(ARTICAL)
(452 Points)
Replied 28 March 2012
yes
RAVI patidar
(ARTICAL)
(452 Points)
Replied 28 March 2012
yes
CAclubindia
