Paid leave entitelment

This query is : Resolved

UJAGAR CHATURVEDI (Querist)
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17 January 2012 Dear sir

i am working with a LTD. company engaged in manufacturing of capital goods, i would like to know that what is my paid leave entitlement,

thanks
ujagar

CA. Vikash Dwivedi

CA. Vikash Dwivedi (Expert)
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23 January 2012 dear chaturvedi ji,

i dont know ur leave encashment figure but yess i can tell you wat can be exempt under Income tax:
Min of following:
a. 10 mnths Av salary
b. rs.3,00,000
c. Leave encashment recd
d. cash equivalent of unavailed leave calculated on the basis of max 30 days of leave for every year of actaul service render.