Taxable -leave encashment at the time of resignation
This query is : Resolved
10 December 2013
Dear sir,
1-some one is Resign from company AFTER 20 year Before retirement
2-Last 10 month basic salary is
JAN 13 100000.00 P.M
TO
OCT 13 100000.00 P.M
3- PAID LEAVE ENCASHMENT 1153846.00
QUERY
HOW MUCH AMOUNT IS TAXABLE ON A/C OF LEAVE ENCASHMENT
Thanks
clsaini
1-some one is Resign from company AFTER 20 year Before retirement
2-Last 10 month basic salary is
JAN 13 100000.00 P.M
TO
OCT 13 100000.00 P.M
3- PAID LEAVE ENCASHMENT 1153846.00
QUERY
HOW MUCH AMOUNT IS TAXABLE ON A/C OF LEAVE ENCASHMENT
Thanks
clsaini
CMA Y Srinu
(Expert)
11 December 2013
Leave encashment after retirement from service / after resigning the office is exempted from tax. So, no tds to be deducted from Leave encashment.
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