How to compute 10 month average salary if
This query is : Resolved
Puran Dangwal
(Querist)
16 April 2011
Dear Sir
Could anyone please help clear my doubt.
If an empoyee gets leave salary without completing 10 months. How can we compute the 10 months average salary (One of the four criteria to give exemption).
Regards
Puran Dangwal
Just forget to mention. This leave salary one employee gets while leaving job.
Could anyone please help clear my doubt.
If an empoyee gets leave salary without completing 10 months. How can we compute the 10 months average salary (One of the four criteria to give exemption).
Regards
Puran Dangwal
Just forget to mention. This leave salary one employee gets while leaving job.
Kapil Gupta
(Expert)
16 April 2011
Boss leave salary received during the service period is fully taxable.
Puran Dangwal
(Querist)
16 April 2011
Hi Sir,
The leave salary employee gets while leavin the job. Please support your view
Regards
Puran
The leave salary employee gets while leavin the job. Please support your view
Regards
Puran
Puran Dangwal
(Querist)
17 April 2011
Hi
Anyone , please help.
Regards
Puran Dangwal
Anyone , please help.
Regards
Puran Dangwal
CA PARAS BAFNA
(Expert)
17 April 2011
Max. 30 days leave allowed for completed year in service for leave encashment. Fraction of a year is not considered. So leave salary is not eligible for exemption 10(10AA(ii)
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