Taxation of gratuity and leave salary
Querist : Anonymous
details as under...
gratuity rs.843950
leave salary rs 393843
salary rcvd rs. 327924
prof tax rs 1800
80 c investment rs.100000
lalit lawangae
it your pvt ltd co./ other other
then under gratuity act 15 days salary for each complete year service and more than 6 month salary calculate on
basic salalry /26*15= amount x no year serve.
in leave salalry
1. 30 days salalry for every year of service
2. 10 month salalry
3. rs.300000
4. 393843
which ever is less
will be not taxable
Querist : Anonymous
pl
regards
lalit lawangale
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