HELLO FRIENDS, I AM A GOVT. EMPLOYEE AND ON RETIREMENT I HAVE RECEIVED SUM FOR THE COMMUTATION OF PENSION RS. 400000 AND RS 200000 AS MY LEAVE ENCASHMENT
PLS. TELL WHETHER THERE IS ANY TAX OR IT IS EXEMPTED TO GOVT. EMP
2 Replies
Preetham S L
(CA Final Student)
(94 Points)
Replied 15 March 2010
Hi Raj,
Please tell us where you are employed, that is, is it under Central Government or State Government or Local Authority or Statutory Corporation? Because the exemption to government employees totally depends on the sector where you are employed.!
CA Priya
(CS Final)
(1049 Points)
Replied 16 March 2010
Leave encashment as it is exempted for Govt servants..... For Pension further details required.....
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