Easy Office
LCI Learning

Income tax on leave encashment

This query is : Resolved 
Profile Image

Profile Image

(Querist)
14 April 2015 One of employee retired on 31st Mar 15. Now in April'15 leave encashment amount of Rs. 9.50 lacs.

Now, whether exemption limit whould be Rs.3 lac (LE) or Rs. 5.50 lacs (3 LE + 2.50 General exemption)?
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
14 April 2015 First-mention whether the employee is a Govt employee or non-Govt ?
.
Please refer Section 10(10AA) for more details.
.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess


Answer Query



Quick Links