A COMPANY IS IN THE PROCESS OF MERGER AND EMPLOYEES ARE GETTING LEAVE ENCASHMENT, I WANTED TO KNOW WHETHER IT IS TAXABLE IN THE HANDS OF EMPLOYEE? IF SO TILL WHAT AMOUNT EXEMPTION IS AVAILABLE ?
THANKS IN ADVANCE
Abdul Khader (STUDENT) (192 Points)
12 June 2013A COMPANY IS IN THE PROCESS OF MERGER AND EMPLOYEES ARE GETTING LEAVE ENCASHMENT, I WANTED TO KNOW WHETHER IT IS TAXABLE IN THE HANDS OF EMPLOYEE? IF SO TILL WHAT AMOUNT EXEMPTION IS AVAILABLE ?
THANKS IN ADVANCE