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Leave encashment limit

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vijay (Querist)
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09 September 2011 Sir i Want to know about max. limit of leave encashment on voluntary retirement? IS it applicable non govt. co.?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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09 September 2011 Leave salary given to Central/State Government employees at the time of retirement /superannuation in respect of period of earned leave at his credit ,is fully exempted.{section 10(10AA)(i)}

https://www.investmentsandmoney.com/2010/08/19/income-tax-exemption-for-leave-encashment/

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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09 September 2011 IN CASE OF VOLUNTARY RETIREMENT AS PER SECTION 10 (10C) RULE 2BA MINIMUM OF :

(1) RS. 5,00,000

(2) LAST DRAWN SALARY X 3 MONTHS X NO. OF
COMPLETED YEAR OF SERVICE . AND

(3)LAST DRAWN SALARY BALANCE OF MONTHS OF
SERVICE LEFT.

(4) ACTUAL RECEIVED .

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