Leave encashment salary
This query is : Resolved
03 December 2011
Dear Sir,
I have received leave encashment salary from the F. Y. 2007-08. Total leave encashment salary is Rs. 65000/-. Is it 100% taxable or Can I avail exemption us 10(10A). Please explain. Its urgent..
Thanks in advance.
Regards,
Shrishail.
I have received leave encashment salary from the F. Y. 2007-08. Total leave encashment salary is Rs. 65000/-. Is it 100% taxable or Can I avail exemption us 10(10A). Please explain. Its urgent..
Thanks in advance.
Regards,
Shrishail.
03 December 2011
During the continuance of employment, Leave encashment is taxable.
At the time of leaving job certain exemption is there U/s 10(10AA).
At the time of leaving job certain exemption is there U/s 10(10AA).
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