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Exemotion of Leave Encashment

This query is : Resolved 
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(Querist)
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
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 February 2022 Yes, it's exempt upto 3 lacs.
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