Calculation of leaveencashment
Querist : Anonymous
at the time of resignation employee has received rs. 38462, as leave encashment, his salary was 25000 PM. and his unavailed leave was 44, and his working tenure was 1 year, 2 month, 17 days, the calculation is below mention......
(1) rs. 300000
(2) actual amount received rs. 38462 (3)his average salary of 0 month is 25000 10*25000=250000 (4)25000*10*44/30=3,66,667 hence the actual amount received 38462 will be exempt.. plz tell me weather this calculation is correct or not if not please rectified my mistake.....
thanks & regard
Atul sharma
(I am sure it is a non government employment.)
Querist : Anonymous
.
.
Click here to login now
Similar Resolved Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
