Question

Mr. Donald Trump, received a basic salary of INR 70,000 per month. He also received DA forming part of salary of INR 30,000 per month. He was allowed a leave of 20 days per year as per his employment contract. He worked for 15 years and 3 months in employment with BCCI. On retirement, he received Leave Encashment of INR 350,000 on 31 March 2021. Calculate the Taxable Leave Encashment if his leave balance was 200 days.​

Answer 1

Explanation:

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