A COMPANY IS IN THE PROCESS OF MERGER AND EMPLOYEES ARE GETTING LEAVE ENCASHMENT, I WANTED TO KNOW WHETHER IT IS TAXABLE IN THE HANDS OF EMPLOYEE? IF SO TILL WHAT AMOUNT EXEMPTION IS AVAILABLE ?
THANKS IN ADVANCE
Menu
Please help - query
Replies (1)
For the employee the provision of Income tax wil be applicable and Leave encashment will be taxed accordingly.
Till the company is same , Section 10(10AA) will be applicable
Recent Topics :
- GSTR-9C Upload Status Error Occured
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
- Difference between AIS and 26AS data.
- Applicability of FCRA to Article Processing Fees (
- GST Return
Related Topics :
CAclubindia
