if a employee retires on 30 June does we consider June month for calculating the last 10 month average?
and does the answer differ if employee retires on 28 june
Menu
Sec 10(10) (iii)
Replies (1)
Yes, as per income tax act, if someone retires on any day (including 30th or 28th jun as stated in question), last 10 month means all the 10 months exactly calculated including till the last working day.
Recent Topic
- Can a broker's software legally override actual po
- Startup exit in Sept 2025: Can I still save LTCG t
- Need advice
- GST registration
- Tax Refund timeline
- Is Form 10E applicable for Notice Pay received in
- INCOME RECEIVED FROM COMPANY FOR ELECTRIC POLLS
- ITR Processing By CPC Now Super Fast - Much apprec
- Abroad Jobs
- Professional Income in 44AD
Related Topics
CAclubindia
