16 April 2011
Dear Sir Could anyone please help clear my doubt. If an empoyee gets leave salary without completing 10 months. How can we compute the 10 months average salary (One of the four criteria to give exemption).
Regards Puran Dangwal
Just forget to mention. This leave salary one employee gets while leaving job.
17 April 2011
Max. 30 days leave allowed for completed year in service for leave encashment. Fraction of a year is not considered. So leave salary is not eligible for exemption 10(10AA(ii)
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