Earn leave encashment
This query is : Resolved
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08 August 2020
I am a central public sector employee retired from service this year, whether leave encashment amount (8 lakhs) received is fully exempted from income tax at the time of retirement?
09 August 2020
Yes, Fully exempt as per Section 10AA(i) of Income Tax Act, 1961.
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09 August 2020
Sorry, make it section 10(10AA)(i) of Income Tax Act 1961.
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