Leave encashment
This query is : Resolved
22 February 2014
Mr. X is working in 2 companies on permanent basis. He has resigned in 1 company and has been paid earned leave salary at the time in leaving. He was working with the company since feb-2006. He is continuing to work with the other company. Whether his leave encashment is taxable or not, please advice.
23 February 2014
Hi
Leave encashment at resignation is not taxable & life time exemption is Rs. 3.00 lacs.
Thx
Leave encashment at resignation is not taxable & life time exemption is Rs. 3.00 lacs.
Thx
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