Rs agrawall ka solution
X was employed with ABC ltd.He retired with 1.2.17 after completing a service of 24 years and 4months.He submits the following info
basic salary:₹25000 pm
da:100% of salary(40%of which forms part of retirement benefits)
last increment ₹2500 w.e.f 1.7.16
he recd leave encashment amounting to ₹280000 on account of accumulated leave of 240 days.He was entitled to 40 days leave for every year of service.
compute taxable leave encashment.
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