Income tax on leave encashment
This query is : Resolved
14 April 2015
One of employee retired on 31st Mar 15. Now in April'15 leave encashment amount of Rs. 9.50 lacs.
Now, whether exemption limit whould be Rs.3 lac (LE) or Rs. 5.50 lacs (3 LE + 2.50 General exemption)?
Now, whether exemption limit whould be Rs.3 lac (LE) or Rs. 5.50 lacs (3 LE + 2.50 General exemption)?
14 April 2015
First-mention whether the employee is a Govt employee or non-Govt ?
.
Please refer Section 10(10AA) for more details.
.
.
Please refer Section 10(10AA) for more details.
.
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