My doubt is that whether an employee of nationalised bank is a govt. employee ?
Also for the purpose of leave encashment exemption (after retirement) can they can be considered as government employee?
Menu
Regarding Govt. Employee definition
Replies (1)
In the case of government employees, the entire amount paid towards leave encashment (at the time of retirement) is not taxable. But the same is not applicable for other individuals be it employees in quasi government organisations, public sector undertakings, banks, insurance companies and those in the private sector.
Recent Topics :
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
- Invoice made but goods not sent
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
Related Topics :
CAclubindia
