Exemption regarding leave encashment and gratuity received

suppose mr. x resigned the company1 and encashed the leave encashment and gratuity and also the balance in reconized provident fund after serving the company for a period of 2.5 years and received leave encashment 23554 and gratuity 17377 and pf bal Employer contribution to PF 16771 and Interest on Employer contribution to PF 1816. After resigning company1 joined company2 and total other income from both company is about 4 lacs. so what can be the maximum exemption to be claimed in respect of leave encashment , gratuity and provident fund amount. plzz reply. . .

 

Replies (3)

company1 is a public company

Hi He can only claim exemption for leave encashment. Since he had not served 5 years of services, Employers contributions to PF n interest on the same is taxable under income from other sources and full amount of gratuity received is also taxable under income from salaries. Thanks

/articles/leave-salary-and-its-taxation-15190.asp#.Usj1G0q6bIU

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details