MSME Certified Income Tax Live Batch to commence from 21st January 2022. Limited Seats. Register Now!!


Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Is Leave Encashment recieved from Foreign employer available under 10(10AA)

This query is : Resolved 

05 December 2021 Hi Team,

I was working for 4 year dedicatedly in Germany as a local employee there with no connection to India. 4 month back I resigned and Move back to India and started a job here.

Now since I use to get 25 leaves in a year, I was unable to finish 16 leaves and those were enchashed along with my salary. Can I claim deduction for that Leave Encashment under 10(10AA)? Also I have a proof as a salary slip for the same. Will that work if I need to upload it somewhere?

05 December 2021 Yes, 10(10AA) exemption may be claimed.
Reduce the amount from gross salary and file ITR.

05 December 2021 Do I need to provide any kind of Proof somewhere since it's a foreign employer they don't have Form 16? Definitely I do have a Pay slip where I can show it's a leave enchashment money?

05 December 2021 No need to provide any proof unless asked for it.

05 December 2021 Thanks a lot for the clarification

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries