07 September 2010
Hai dear friends, As per Notification No.94/2009 dtd 18.12.2009(wref 01.04.09) salary for the purpose of valuation of accomodation excludes (w.e.f FY 2009-10) the foll: Gratuity, Severance pay, leave encashment, voluntary retrenchment benefits, commuted pension and similar lumpsum payments received at the time of termination of service or superannuation or voluntary retirement. Please clarify whether leave encashment or any other receipt of the above nature received during the service is covered in the above notification or it covers the receipts at the time of termination only ? Thanks in advance
CAclubindia
