is leave encashment exempt if recd at termination?
This query is : Resolved
31 July 2008
leave encashment recd at the time of termination,whther exempt or taxable?
01 August 2008
leave encashment is exempted u/s 10(10)(c) of the Income Tax Act, 1961 upto the limit 5,00,000/- if the employee is a working in bank or other Non Govt. organisations.
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