Question

Mr S was employed in a company. He retired from service on 1st Jan, 2020 after completing 30 years of service. From 1st July, 2018 his pay scale was Rs. 8,000-200-10,000-300-13,000 and he was getting DA at 20% of his pay under the terms of employment. He had 7 months earned leave to his credit which was approved. Hence, he was paid Rs. 57,400 as salary and Rs. 11,480 as DA (as earned leave encashment). Compute the amount exempt from earned leave encashment for the AY 2020-21.

Answer 1

Answer:

I am not fake but I am broken