Annual leave encasement is eligible or nor ?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 January 2013
if employee resign between a calendar year it is eligible for annual leave encashment or nor ? If yes , how to calculate its annual leave encashment.
11 January 2013
Hi
He has to be paid with leave balance on his account at the time he resigns.
It is paid on gross or basic as per company policy, however generally it is paid as no. of leave balance multiplied by 10 months avg basic salary divide by 30 days.
Thanks!!
He has to be paid with leave balance on his account at the time he resigns.
It is paid on gross or basic as per company policy, however generally it is paid as no. of leave balance multiplied by 10 months avg basic salary divide by 30 days.
Thanks!!
11 January 2013
Hi
Refer article for details.
https://www.simpletaxindia.net/2009/01/leave-salary-encashment-exemption.html
Thanks!!
Refer article for details.
https://www.simpletaxindia.net/2009/01/leave-salary-encashment-exemption.html
Thanks!!
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
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- STCG FOR GOLD ETFs
- STCG on ETF gold & silver
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- REGARDING GST LIABILITY/....
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
