Encashment of leave

This query is : Resolved 

07 March 2014 Is encashment of leave taxable. The same has been included in the gross salary in FY 2012-13. Can we claim refund of tax in that case. The income tax have already been paid

07 March 2014 Leave encashed while in service is fully taxable.

Inference from section 10(10AA) of the Income tax Act,1961.


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