gratuity and leavye salary

Tax queries 428 views 2 replies

can anyone plz explain to me the computation of average salary in order to get exemption of gratuity and leave salary...i am confused a bit ,...which 10 months salary needs to be taken??1 day before the retirement or upto a month before retirement.....provide me a suitable example if u can...


regards,

sneha bagla

Replies (2)

In case of Gratuity -

Salary of Last 10 Months Preceding the MONTH of retirement is taken.

In case of Leave Salary -

Average Salary of Last 10 Months Preceeding the DATE of Retirement is taken.

thank u sooooo much....


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register