Leave encashment is taxable or not
Querist : Anonymous
when any person resign the private company than it's leave encashment is taxable or not ?
Pls give me any case law.
for other employee at the time of retirment least of below is exempt:
1 months of earned leave x Avg Salary
2 10 x Avg salary
3 Rs 300000/-
4 leave salary received.
for months of earned leave: take 30 days for every completed year and subtract leave taken. No convert rest in months
Avg Salary: immediatley preceeding 10 month salary avg. it includes basic+DA if term of employement provided+ fixed % of commission
Querist : Anonymous
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