Tds rate on leave encashment
manish gupta (Student CA Final ) (6 Points)
14 September 2015manish gupta (Student CA Final ) (6 Points)
14 September 2015
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 14 September 2015
There is no separate rate of TDS for leave encashment. It is taxable under the head salaries and TDS provisions are applicable as per section 192. Rate of tax would depend upon the total income as well as the age of the individual. For more details: https://www.charteredclub.com/income-tax-slabs/
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