Dear Friends,
Pls help me on tax perspective.. I have switched the job ( 7 years of service of Ist Job).
I have received Leave enashment & Gratuity. Please let me know whether it is taxable or exempt on resignation & joining new company...
Dear Friends,
Pls help me on tax perspective.. I have switched the job ( 7 years of service of Ist Job).
I have received Leave enashment & Gratuity. Please let me know whether it is taxable or exempt on resignation & joining new company...
Mr. giridhar then leave encashment is exempt in which scenario?
There is some provision that if we receive during service then same is not exempt. However when we switch job & join new company, whether we can take exemption. If so, then how much.
As said above only gratuity exemption you can claim leave encashment is fully taxable.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
CAclubindia
