PSU Retirement Leave Encashment
This query is : Resolved
07 November 2020
I am a retired person of PSU sector and having pension from employer , want to know that is there any provision of Income Tax regarding leave encashment at the time of retirement is fully exempted from taxable income...just like Govt employees. u/s 10(10AA) is allowing maximum Rs. 3 lac in considering the least alternatives for other than Govt employees.
Kindly clarify it as soon as possible..
Ayan Kumar Dey
Kolkata
Kindly clarify it as soon as possible..
Ayan Kumar Dey
Kolkata
CA R SEETHARAMAN
(Expert)
08 November 2020
PSU employees will be allowed maximum Rs. 3 lac in considering the least alternatives for other than Govt employees.
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