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Taxable -leave encashment at the time of resignation

This query is : Resolved 

10 December 2013 Dear sir,

1-some one is Resign from company AFTER 20 year Before retirement
2-Last 10 month basic salary is

JAN 13 100000.00 P.M
TO
OCT 13 100000.00 P.M

3- PAID LEAVE ENCASHMENT 1153846.00

QUERY
HOW MUCH AMOUNT IS TAXABLE ON A/C OF LEAVE ENCASHMENT

Thanks
clsaini



11 December 2013 Leave encashment after retirement from service / after resigning the office is exempted from tax. So, no tds to be deducted from Leave encashment.


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