Income Tax problem
please help me solve this problem..
Leave encashment
Mrs. Kavita retired on 29th Feb, 2018 and received Rs. 200000 as leave encashment for 20
months. Her salary details for approved calendar year 2017 were Rs. 10,000 p.m. and it was
raised to R$ 12,000 p.m. from 1-1-2018. She served for 15 years and her employer allowed 2
months leave for every year of service. She enjoyed 10 months leave during her service.
Compute taxable amount of leave encashment.
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