Hi, can anyone confirm, hopefully with authentic links, whether ex gratia and leave encashment are taxable in old/new regime? How?
Leave encashment is non-taxable upto 25lakhs. If it exceeds above 25 lakhs in your entire lifetime then you'll be taxed.
As per Google search, it looks any amount upto 25 lakhs is tax exempt, but my company seems to have shown it exempt only for n * (Basic/30) amount. Why is it so? Shouldn’t entire amount been shown tax exempt? What rule are these CAs foll...
Inspite of so many "better than earlier govts" reforms in the last 10 years...the govt hasnt done much needed reforms in the income tax regime.
The govt is doing a few good things like dissolving inept psu's, selling off entities like A...
Guys my ctc is 8.5 LPA could you please suggest which tax regime is best.. Assume I won't be taking any tax deductions.
