Kshirod Barik (Finance Officer) (46 Points)
22 December 2009I resigned from a private company after working for 4 yrs and 11 mths and encashed my leave standing at the credit of Rs.24000 and superannuation of Rs.55000. Kindly help me out for the taxability of these items for the FY 2009-10.
Vivek Jarial
(Student)
(272 Points)
Replied 22 December 2009
please clearify the question
1 what is your salary at the time of retairment.
2 leave agaived while in service.
3 amount of leave encashment received.
Vivek Jarial
(Student)
(272 Points)
Replied 22 December 2009
also give the last 10 month average salary.
Kshirod Barik
(Finance Officer)
(46 Points)
Replied 22 December 2009
Basic Salary at the time of resignation - Rs. 12000 PM and No DA
Leave at the credit at the time oo Resignation 62 Days
Amount of leave encashment Rs.24000
Last 10 Months avg Salary Rs.11000
Vivek Jarial
(Student)
(272 Points)
Replied 22 December 2009
62 days u have utilise your leave or ya balance of leave
Vivek Jarial
(Student)
(272 Points)
Replied 22 December 2009
Rs. 21230/- would be exemted and balance Rs. 2770/- is the taxable value and part of the taxable salary.
Anirudha Palai
(Asst.Manager-(F&A))
(33 Points)
Replied 22 December 2009
what is the actual leave avail for a one year of an a employee of small scale industries & trading unit
CAclubindia
