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