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Feb 11, 2016 at 11:53 AM

Problem in Leave Encashment Exemption !!!

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Hi Experts,

I have a doubt regarding Leave encashment exemption.

In my case, we are maintaining the leave encashment number in IT0416 and based on that system is calculating the leave encashment amount properly.

For Ex: Employee got terminated in 07.01.2016 and we have maintained data in IT0416 with 06.01.2016 based on that system is calculating the Leave encashment amount(50000/-) properly but in exemption system is showing 70000/- instead of 50000/-. this extra 20000 rupees we have encashed in June 2015, but employee got terminated on 07.01.2016 at that time we have encashed 50000 rupees only.

Kindly clarify on the same.

Thanking you ...

Regards,

Venkat Polisetty