Leave Encashment
This query is : Resolved
02 May 2011
Sir
I would like to know that Balance Leave Encashment is taxfree or Taxable and if taxable is there any working.
eg:- we have 21 leaves allowing during the year and for the balance we reimburse as salary paid during the year.
Please do the needful for the above.
Regards
PREMAL PATEL
I would like to know that Balance Leave Encashment is taxfree or Taxable and if taxable is there any working.
eg:- we have 21 leaves allowing during the year and for the balance we reimburse as salary paid during the year.
Please do the needful for the above.
Regards
PREMAL PATEL
02 May 2011
Leave encashment received during the continuance of employment is always taxable under the head salary.
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