Income tax exemption
This query is : Resolved
yogesh jain
(Querist)
21 July 2013
Iam working in limited company.I have received LEAVE PAY from company yearly basis.Company policy allow 30 days leave in yearly if you take otherwise cash payment made by company on 31.3 closing of f.year.I WANT ABOVE INCOME TAXABLE OR EXEMPT IF EXEMPT THAN WHAT SECTION.
CMA Ramesh Krishnan
(Expert)
21 July 2013
Leave encashment during service is fully taxable. no exemption available
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