Queries on leave fare concession & leave encashment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 December 2013
Bank Employee, this year(Nov-2013) availed LFC by self declaration and got Rs.8000.00 and sold one month leave of Rs.49000.00 approx.
What or How I need to calculate my Income Tax with my normal salaries.
What or How I need to calculate my Income Tax with my normal salaries.
29 December 2013
Hi
Lfc earned will be tax free.
Leave encashment received to be added to total income earned for the financial year.
Thanks
Lfc earned will be tax free.
Leave encashment received to be added to total income earned for the financial year.
Thanks
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