Dear all,
I resigned from the company after working their for one year only. At the time of leaving they also gave me salary for my balance leave credit.
I want to know is this leave salary taxable or exempt?
Is there any criteria for minimum service period for claiming exemption?
Kindly quote relevant section/rule numbers.
It will be taxable if it exceeds Rs. 300,000/-
It is less than 3 lacs, but is there any criteria for minimum service period for claiming exemption?
Hema Yashwanth & Associates
Chennai
B.Com
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MANUJ SHARMA AND COMPANY
Noida
CA Inter
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Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
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Kothari Jain Patil & Chartered Accountants
Pune
CA Inter
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CCI
Pro
CAclubindia
