tag:blogger.com,1999:blog-2004257931445490362.post1232112549346890826..comments2024-03-26T15:10:46.095+05:30Comments on SIMPLE TAX INDIA: Leave Salary encashment Exemption Calculation/calculatorRAJ KUMARIhttp://www.blogger.com/profile/12854260124513086419noreply@blogger.comBlogger38125tag:blogger.com,1999:blog-2004257931445490362.post-33539250045846640972018-05-08T12:36:08.861+05:302018-05-08T12:36:08.861+05:30where should I show Leave salary exemption in ITR ...where should I show Leave salary exemption in ITR 2Anonymoushttps://www.blogger.com/profile/08463469326217343912noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-60818278549364553562018-05-08T12:35:13.508+05:302018-05-08T12:35:13.508+05:30Where should I show Leave salary exemption in ITR...Where should I show Leave salary exemption in ITR 2 Anonymoushttps://www.blogger.com/profile/08463469326217343912noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-58150870110043903252018-05-08T12:33:51.778+05:302018-05-08T12:33:51.778+05:30Where in ITR 2 leave salary exemption to be shownWhere in ITR 2 leave salary exemption to be shownAnonymoushttps://www.blogger.com/profile/08463469326217343912noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-85733909246589544202015-08-28T22:39:52.514+05:302015-08-28T22:39:52.514+05:30in salary schedule at sr no -1 Salary -Excluding a...in salary schedule at sr no -1 Salary -Excluding all exempt/ non-exempt allowances, perquisites & profit in lieu of salary as they are shown separately below<br /><br />Enter net salary minus exempted leave encashment <br />RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-80258672846721012612015-08-28T10:49:12.987+05:302015-08-28T10:49:12.987+05:30I am filing ITR 2. In my form 16, my prev employer...I am filing ITR 2. In my form 16, my prev employer has added leave encashment as taxable income while leaving the job. I want to avail exemption as per [Sec. 10(10AA)] as a non-govt employee. Where should I add this amount in ITR 2?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-37702255092226742652015-04-24T18:56:10.500+05:302015-04-24T18:56:10.500+05:30No ,bank employee are not covered under Govt emplo...No ,bank employee are not covered under Govt employee category for leave encashment exemption purposeRAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-4864894503832093922015-04-24T12:06:39.987+05:302015-04-24T12:06:39.987+05:30i retired from a nationalised bank in july 2014 a...i retired from a nationalised bank in july 2014 and recd.5.30 lac as leave encashment for 8 months, am I treat as govt. employee to exempt tax?<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-81128165555869896752013-12-17T14:02:54.195+05:302013-12-17T14:02:54.195+05:30Dear,
I am resigning from my current job. And my ...Dear,<br /><br />I am resigning from my current job. And my organization is not providing my my leave salary. Is this right or wrong ?Anonymoushttps://www.blogger.com/profile/09742149225172840759noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-25723986857377869032013-12-17T14:01:50.469+05:302013-12-17T14:01:50.469+05:30Dear ,
I am resigning from my job. And my organiz...Dear ,<br /><br />I am resigning from my job. And my organization is not giving me my leave salary. Is this right or wrong ?Anonymoushttps://www.blogger.com/profile/09742149225172840759noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-87638280311984913662013-08-28T19:42:14.946+05:302013-08-28T19:42:14.946+05:30Any comments for posting of Anonymous on July 25,2...Any comments for posting of Anonymous on July 25,2013 ? A very valid question.How can Public Sector employees, whose pay and perks are fixed by 6th. Pay commission, like "Government" employees, not enjoy the benefit of tax exemption above 300,000/00 like Government servants.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-76981738127926761042013-07-25T15:14:10.119+05:302013-07-25T15:14:10.119+05:30At time of retirement, Leave encashment limit is R...At time of retirement, Leave encashment limit is Rs.300,000/00, for employees of "PRIVATE COMPANIES".What about "Public Sector <br />Employees" whose salaries & perks are fixed by 6th.Pay Commission along with "Government Employees",who get full tax exemption for Leave Encashment ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-11219553427876104062013-07-01T17:10:00.178+05:302013-07-01T17:10:00.178+05:30balance is fully taxable balance is fully taxable RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-55537701762795886912013-07-01T15:50:38.613+05:302013-07-01T15:50:38.613+05:30I have received Leave Encasement Rs.682196.00 for ...I have received Leave Encasement Rs.682196.00 for 290 Days on Retirement in Jan'13.<br />How much amount is taxable (after deducted of Rs. 300000.00 from taken amount) or fully taxable .<br />ReplyR L Varshneynoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-24175154506676691492013-02-13T22:52:42.356+05:302013-02-13T22:52:42.356+05:30you are eligible for exemption maximum up to 30000...you are eligible for exemption maximum up to 300000 .further other limits are already explained above RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-65818117795402587492013-02-13T12:02:32.923+05:302013-02-13T12:02:32.923+05:30I have taken Vol Retirement from PSU Co. (Govt of ...I have taken Vol Retirement from PSU Co. (Govt of India undertaking) and leave encashment received Rs. 4.65 lacs for 218 days. Whether above amount fully exempted from IT ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-494760770068391032013-01-05T11:55:28.843+05:302013-01-05T11:55:28.843+05:30its depends upon your company's policyits depends upon your company's policyRAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-84548855493841358022013-01-05T11:21:00.402+05:302013-01-05T11:21:00.402+05:30I am currently working with a ltd. copmpany and i ...I am currently working with a ltd. copmpany and i have so many leave balance can i in cash those leaves? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-89233183691809570472012-12-27T21:27:40.138+05:302012-12-27T21:27:40.138+05:30Recovery should not be deducted Recovery should not be deducted RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-78720761582663385672012-12-27T18:35:07.999+05:302012-12-27T18:35:07.999+05:30If any recovery has been done from salary on accou...If any recovery has been done from salary on account of any particular reason in any of the ten months prior to month of retirement,the calculation of average pay plus DA should be based on actual pay plus DA drawn or the notional pay plus DA of the month during which recovery has been made should be considered for calculating the exempted portion?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-25614625067779379242012-11-29T00:52:01.098+05:302012-11-29T00:52:01.098+05:30I have 15000/-Rs to invest. Why should i chose to ...I have 15000/-Rs to invest. Why should i chose to invers in PPF fund?.What is percentage of return and benifit?.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-33062773639998302012012-10-04T18:03:20.789+05:302012-10-04T18:03:20.789+05:30as per companies' policy.
regards
Surgyanas per companies' policy.<br /><br />regards<br />SurgyanAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-47903232876702987472012-09-21T13:02:26.851+05:302012-09-21T13:02:26.851+05:30Dear Sir,
please let me know whether leave encashm...Dear Sir,<br />please let me know whether leave encashment is calculation on basic salary or basic salary + hra amount<br /><br />regards<br />Sidhartha Anonymoushttps://www.blogger.com/profile/09296761414332810289noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-49661512337037224802012-09-21T13:00:44.830+05:302012-09-21T13:00:44.830+05:30Dear Sir,
please let me know leave encashment is c...Dear Sir,<br />please let me know leave encashment is calculating on basic salary or basic + hra amount<br /><br />Regards<br />Sidhartha Anonymoushttps://www.blogger.com/profile/09296761414332810289noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-70919811391020314732012-08-02T19:35:13.581+05:302012-08-02T19:35:13.581+05:30As per Govt rule /leave encasement is payable on n...As per Govt rule /leave encasement is payable on next day of retirement .so you should ask your employer to make payment on or after 01.04.2013. so as per rule also leave salary is taxable in 2013-14 unless you receive it in 2012-13.<br /><br />so don't receive cheque on retirement function or ask employer to issue post dated cheque.RAJ KUMARIhttps://www.blogger.com/profile/12854260124513086419noreply@blogger.comtag:blogger.com,1999:blog-2004257931445490362.post-69557592713263327732012-08-02T17:47:12.471+05:302012-08-02T17:47:12.471+05:30I am getting superannuated by 31st March'13.
C...I am getting superannuated by 31st March'13.<br />Can i show leave salary income on retirment in 2013-14 income.Anonymousnoreply@blogger.com