HELLO FRIENDS, IAM A STATE GOVT EMPLOYEE IN A GOVT. SCHOOL
AND I HAVE RECEIVED RS 400000 ON COMMUTATION OF PENSION ON RETIREMENT
AND RS 200000 AS LEAVE ENCASHMENT
WHETHER IT IS EXEMPTED
RAJ KUMAR (FINANCE MANAGER) (1393 Points)
16 March 2010HELLO FRIENDS, IAM A STATE GOVT EMPLOYEE IN A GOVT. SCHOOL
AND I HAVE RECEIVED RS 400000 ON COMMUTATION OF PENSION ON RETIREMENT
AND RS 200000 AS LEAVE ENCASHMENT
WHETHER IT IS EXEMPTED
Amir
(Learner)
(4016 Points)
Replied 16 March 2010
Dear Sir,
If school is owned & run by Local Authority (say Municipality) then the amount received will be exempt to the extent of limits prescribed under the act.
However if school is owned & run by SG then the amount received will be exempt irrespective of the amount.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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