You are requested to provide appropriate solution for my following query at the earliest.
Mr. A has taken VRS from SBI in the FY 2013-14. In FY 2015-16, he has received following income from State bank of India apart from his regular pension income;
1. Gratuity 2. Provident Fund 3. Arrears of Gratuity of FY 2013-14 4. Arrears of Provident Fund of FY 2013-14 5. Arrears of Leave encashment of FY 2013-14 6. Arrears of Salary of FY 2013-14
Could you please tell me from above incomes which will be exempt ? and which will be taxable ? And also give reference of relevant sections.
CAclubindia
