Urjit Talati (Job - Deloitte) (86 Points)
16 December 2020My sister has gone on maternity leave on 11th November 2019 for 6 months as she is covered under labour law so she has received a 6-month salary from ESI. So I would like to know what is the taxability of the amount received from ESIC
Total Amount received: 82950
Leave started: 11th November 2019
So taxable amount till 31st March 2020
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 16 December 2020
Urjit Talati
(Job - Deloitte)
(86 Points)
Replied 16 December 2020
| Originally posted by : JATINDER KUMAR | ||
 |
Full Amount is taxable in FY 2019-20 |  |
Amount is received in bank ob 12th May 2020 so basis of days amount is it be shown in other income or to add in salary?
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 16 December 2020
Urjit Talati
(Job - Deloitte)
(86 Points)
Replied 17 December 2020
| Originally posted by : JATINDER KUMAR | ||
|
You can add in current year salary if received on 12.05.2020 | |
So no need to Bifercuate on the basis of no of days till march and whole amount to be considered in current year salay?
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