TAXABILITY OF GRATUITY AND ENCASHMENT OF EARNED LEAVES
Question 2. Explain the provisions of Income tax Act in connection with taxability of gratuity And Encashment of earned leave by an employee retiring form an organization. Solution: Gratuity Gratuity means “a gift or present, often in return for favours or services.” Gratuity is paid over and above the normal salary. It is paid in … Read more