Answer / ashfaque

if company deducting from gross salary due to absent, is
bound to pay leave encashment on gross not on basic salary.

Answer / neelam garg

formula: Basic Salary/26(working days consider as per govt)
*no of leaves suppose basic salary 7500 & pending leaces 10
than leaveencashment amount will be : 7500/26*10=2884.61Rs

Answer / p. navaneetha krishnan

If an employee having Credit on is Leave (which can be
withdrawn / encashed) that will be paid (only the basic
amount not full day salary)

On encashment of leave, Government Levy should be deducted
@ 12% on the arriving amount and the same need to be paid
to the governement along with the employer contribution
(Provident Fund Account)

12% on Gross Amount from employer and employee to be paid
to Provident Fund Account without fail and immediately.


Professional Tax is a tax of the State Government, need to
be paid twice in a year September / March - October / April
on every year as per the given slabs by the governement as
far as tamilnadu is concerned it is maximum of Rs.810/- for
six month if salary (Gross) exceeds Rs.75000/-.

TDS form for Salary.

3 Answers   KPMG, TCS,

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how can i(accoutant) file tds,vat,service tax,salestax,business it returns?

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what is use of form D, F, G, H, in Mvat

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while making payment for our Forein supplier against import. wheather we have to deduct TDS while remitting payment towards his bills.

1 Answers  

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1 Answers  

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Explain the Calculation of Sales Tax?

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tds percentage on advertisement add agency

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if i the vendor is providing us some printing material & they issue a bill of printing with including Vat so what can i deduct TDS ?

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We are purchasing machinery from Mumbai supplier. Deliverable in Jamnagar & invoice is on our name (Maharashtra). Can we issue 'C' form?

4 Answers  

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is provision for bad and doubtful debts an operating cost?

2 Answers  

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