Exemotion of Leave Encashment
This query is : Resolved
24 February 2022
Suppose the employee retires on his age of 58 and continues the job with earlier employer as contractual employee. If the leacve encashment receied at the time of retirement, whether the same is exempte or not up to Rs. 3 lacs. Kindly advise us
24 February 2022
Yes, it's exempt upto 3 lacs.
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