Reimbursement of leave encashment-Inclusion in GTI
This query is : Resolved
CPA Partha Sengupta
(Querist)
17 January 2009
Hi all,
Kindly resolve the following query:
An employee has received Rs.50,000/- from his employer towards leave encashment.
1. Is this taxable income?
2. Can this be included at the time of calculation of Gross Total Income of the employee?
Thanks in advance.
Kindly resolve the following query:
An employee has received Rs.50,000/- from his employer towards leave encashment.
1. Is this taxable income?
2. Can this be included at the time of calculation of Gross Total Income of the employee?
Thanks in advance.
K V Subba Rao
(Expert)
17 January 2009
It MUST be included in GTI for tax purpose
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