Posted by: Pdfprep
Post Date: February 13, 2021
Vinod joined on 01/01/90 in ABC Ltd. and retired on 01/01/2007.Employee paid leave encashment of Rs. 4,00,000/-. His last drawn salary is Rs. 25000/-. His last 10 months average salary is 23500/-. He availed 150 days leave during the service.
What will be his taxable leave salary amount?
A . 4,00,000
B . 2,35,000
C . 2,82,000
D . 1,65,000
Answer: D
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