Leave encashment and Gratuity Arrears

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ASHOK MITTAL (Querist)
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07 July 2010 I received Salary,leave encashment gratuity & PF arrears during 2009 -10 and my employers have deducted tax on all the arrears except PF contribution on which deduction granted under 80C.

My submission is this whether leave encashment and gratuity arrears are part of my income or any exemption is allowed on the above. please advise. Thanks and Regardgs. Ashok Mittal

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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07 July 2010 Leave encashment and gratuity during the continuation of service - Taxable.

Certain exemptions in both are available at the time of retirement.

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