Leave encashment

This query is : Resolved

Kashish (Querist)
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09 January 2014 An employee resign from the organisation and join the other organisation. He received the leave encashment from the earlier organisation whether that amount will be a taxable amount or not.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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09 January 2014 if the money received was upon retirement and not during the period in which you were still employed with the earlier firm, the it can be claimed as exempt under 10(10a)

please refer http://www.financialexpress.com/news/leave-encashment-on-resignation-is-not-taxable/1033242/0

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