Leave encashments after resigned and join new company
This query is : Resolved
22 June 2025
I was working in Non govt Ltd company . after 13 year of service I was resigned and received some Leave encasements. currently I am working with another Ltd company. is my leave enc is taxable under income tax or not?
Kindly suggest. is Gratuity also taxable in this case?
Kindly suggest. is Gratuity also taxable in this case?
CA R SEETHARAMAN
(Expert)
24 June 2025
Gratuity exempt.
Employees in the private or non-government sector are eligible for partial or complete exemption on leave encashment under Section 10(10AA) of the Income Tax Act.
Employees in the private or non-government sector are eligible for partial or complete exemption on leave encashment under Section 10(10AA) of the Income Tax Act.
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