hard20 pts · first answer countspayroll-processingfull-and-finalincome-tax
Exemption for leave encashment at resignation
An old-regime private sector employee resigns after 8 years. Average basic plus DA is ₹60,000 a month (₹2,000 a day). Leave credit at 30 days per year is 240 days, of which 100 were availed. 120 days are encashed for ₹2,40,000. Ten months' average salary is ₹6,00,000. What part is taxable?
Discussion 0
Join free to post in the discussion.
Related questions
- Standard deduction under the new regimePayroll Specialist
- HRA under the new regimePayroll Specialist
- Salary bounced by the bankPayroll Specialist
- What a pay group isPayroll Specialist
- Deposit dates for deductionsPayroll Specialist
- Which item is not a payroll inputPayroll Specialist
- Paid maternity leave in IndiaPayroll Specialist
- Employer-paid health insurancePayroll Specialist