Leave encashment is taxable or not
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 September 2013
Dear Sir,
Please guide me whether Leave encashment salary is taxable or not ?
Thanks & Regards
Janki
Please guide me whether Leave encashment salary is taxable or not ?
Thanks & Regards
Janki
13 September 2013
Leave encashment during service is fully taxable.
Leave encashment during retirement
if Govt. employees- fully exempted u/s.10(10AA
If non government employees -least of the following is the employees
1. Actual leave salary received
2. Last 10 months average salary
3. Rs.3 lakhs
Leave encashment during retirement
if Govt. employees- fully exempted u/s.10(10AA
If non government employees -least of the following is the employees
1. Actual leave salary received
2. Last 10 months average salary
3. Rs.3 lakhs
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