Leave encashment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 August 2011
Actual Leave Encashment Rs 256761/-
No of Years of Service 14 years
Average Salary of Last 10 Month Rs 25000/- per month
Company gives 30 leaves per year
Please give taxability of leave encashment on Resignation
No of Years of Service 14 years
Average Salary of Last 10 Month Rs 25000/- per month
Company gives 30 leaves per year
Please give taxability of leave encashment on Resignation
18 August 2011
Retirement is the first condition for getting an exempt leave salary benefit.
Entitlement is for 30 days leave and company considers the same No of leaves for encashment. Amount is 256761/.
But Salary of 10 months is 250000/ hence
6761/ will be only taxable leave salary.
Retirement is the first condition for getting an exempt leave salary benefit.
Entitlement is for 30 days leave and company considers the same No of leaves for encashment. Amount is 256761/.
But Salary of 10 months is 250000/ hence
6761/ will be only taxable leave salary.
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- Relief u/s Section 89
- Nomination of Bank for refund in itr 2
- TDS Challan Code
- SGST balance is there in credit ledger how to adjust for cgst
- STCG on ETF gold & silver
- E Commerce GSTR1 & 3B how to file
- 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
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
