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leaving time tax on leave encashment, Income Tax |
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leaving time tax on leave encashment |
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Dear Sir,
Please suggest me :-
Q:- What will be tax if Ramesh leaving company on Dated 10.10.10 and his basic salary of Rs. 3,00,000 and his payable leave is 58 Days then what will be tax calculation. please solve and advice me.
Regards
Udit
Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
Refer Section 10(AA)(ii)- Assumed the above is not Government Employee 1. Leaving the company is on account of retirements, then only exemptions would be available. 2. Not more than 30 days leave should have accrued each year. 3. 58 days salary would be calculated on the basis of 10 months average salary last drawn. Page: 1 Old Query - New Comments are closed. |
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