Rebate u/s 89 on leave encashment
This query is : Resolved
Jaydip H. Trivedi
(Querist)
14 February 2013
One Govt. employee has received Rs.18000 as leave encashment during the service. Whether he can avail rebate u/.s 89 or not? And if yes, please provide the calculation.
CA PARAS BAFNA
(Expert)
14 February 2013
If the leave encashment pertains to the earlier years than the previous year, you can claim relief U/s 89(1).
.
In the absence of Total Income and Tax Paid
data, calculation can not be made here.
.
As a matter of fact it's calculated on the basis of tax on receipt basis and tax on accrual basis for the previous years involved.
.
.
In the absence of Total Income and Tax Paid
data, calculation can not be made here.
.
As a matter of fact it's calculated on the basis of tax on receipt basis and tax on accrual basis for the previous years involved.
.
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