Income tax calculator FY 2012-13

Dear Mr. Pankaj, Thanks for the IT calculator. The amount entered in Leave Encashment (Row 19) of Excel sheet appears to be IT excempted. But our employer calculate tax for this. please clarify.

asked May 16 '12 at 09:45 by Kanagaraj 1111

In case leave encashment amount is paid at the time of leaving service, it may be non taxable upto some limits.

Read more details on this page: Leave encashment non taxable

answered May 28 '12 at 21:35 by Pankaj Batra 5.2k320


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Asked: May 16 '12 at 09:45

Seen: 2,032 times

Last updated: May 28 '12 at 21:35