If an employee leaves in middle of year, then the income tax exemtion of first slab , Rs 1.50 lac, is to be given in full or proportionately ?Similarly what about the saving limit u/s 80C? Complete saving limit of Rs 1 lac can be given or again it should be proportionately.
I am working with private sector bank and undergoing probation period
Now I want to resign as am getting better job oppurtunity with another bank
but as around 70 days of unavailed leaves are still to be availed by me I want to ask
Whether they can be encashed(even in probation period) if i resign now?
What if Company terminates my appointment?