This Query has 1 replies
Sir,
Encashment of Earned leave is exempted to the extent of 3,00,000/- at the time of retirement. Balance if any is taxable under the head "salaries".
If a PSU is providing rent free residential un furnished accommodation, whether the encashment of earned leave (actual amount-300,000) and half pay leave at the time of retirement should also to be considered for calculation of perquisites?
Kindly clarify whether encashment of leave should also to be considered as salary at the time of retiremnt for calculation of perquisites.
If that is the situation, there will be more tax on account of perquisites at the time of retirement of an employee. In such a case, employee better to vacate the house before the year of superannuation to avoid the incometax.
This Query has 6 replies
Hi,
Our Company is giving Rs.25,000/above Rs.25,000 as a gift.
It is chargeable to tax, so straight away 30.90% will be deducted as a tax.
Can any one provide better way for receiving this gift (under any other form) so that minimum tax will be deducted and we will get maximum out of Rs.25,000 ?????
Whther there is any scope of saving tax by paying FBT ????
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Respected Sir,
Please tell me Hindi Books for Auditing & AS
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CS Dinesh Gupta
This Query has 3 replies
sir,
i am L.L.B degree holder,i want to be a charted acounted,i am at present 38 years old,am i elligeble for that presently i live in KANPUR.
THANKS' RAJESH
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)
Perquisite calculation