Answer to Question #246160 in Marketing for Abhijeet

Question

X, a non-Government employee, receives Rs. 3,06,000 as leave salary at the time of retirement on February 20, 2021. On the basis of the following information, determine the amount of taxable leave salary: Basic pay: Rs. 18,000 per month since 2013; duration of service: 32 years; leave at the credit of X at the time of retirement: 17 months ; entitlement of leave salary: 45 days' salary for every year of service and leave availed while in service: 31 months.

Answer 1

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