Leave encashment taxable / non taxable

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 August 2013 Dear Sir / Madam,

Please let me know that whether leave encashment received post retirement from a Government Undertaking Company (Government of West Bengal) is taxable or non-taxable in the hands of the employees.

Your valuable comments on the above matter is sincerely solicited.

With best regards

S. Chatterjee

Paras Chheda

Paras Chheda (Expert)
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01 August 2013 In the case of Central/ State Government employee, any amount received as cash equivalent of leave salary in respect of period of earned leave at his credit at the time of retirement/ superannuation is fully exempt from tax u/s 10(10AA)(i). So its not taxable & it will be show as exempt income.

Querist : Anonymous

Querist : Anonymous (Querist)

01 August 2013 Dear Mr. Cheda,

Thank you very much for your prompt reply.

I am very much aware of the section you have stated, however like to be informed that whether the same section is applicable for Government Undertaking Company too.

Thanking you and looking forward to hear from you in an affirmative note.

With best regards

S. Chatterjee

Paras Chheda

Paras Chheda (Expert)
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01 August 2013 Yes, same section is applicable for Government undertaking also.

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