DWQA User Profile SaurabhQuestions(17)Answers(6)Posts(0)CommentsHi Sree, As per the article, it is pretty clear that leave encashment received in full & final settlement after resignation is non taxable (with certain threshhold). So, even if on traces, I can see complete amount (including this amount of leave encashment), i can reduce leave encashment amount to put final salary figure on IT return calculation page. I can show this amount where one can declare non taxable income (for reporting purposes).On Answer for Section 10(10AA) – Leave Encashmentok thanks.On Answer for IT Refund processingHi Sreekanth,Yes i am looking for safest investment options. I am already investing in equity mutual funds. For lumpsum investment my intention is to look at safe options. Currently banks are offering 7.25% ROI and considering that i am in 30% tax bracket, post tax return of my investment would be 5%. So, it is as good as having 4% of saving bank interest. Also, it is expected to have further rate cuts going forward. Please advise considering this aspect. Tenure is not a problem for me.On Answer for Investment options in current market scenarioOne more query - On the govt e-filling portal, where Table A of form 10E, we have to provide details of arrears under different year. As per the portal we should mention the assessment year there, but all per the different calculators provided (like the one on simpletax.com), we should provide financial year. Please adviseOn Taxation – Section 89(1)Crop
