If an employee (private employee or non govt) change origination using resignation letter and get leave encashment, is he/she entitled to take exemption.
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(196272 Points)
Replied 27 July 2025
Yes. A private (non-government) employee who resigns and receives leave encashment is eligible for exemption on the encashment amount under Section 10(10AA) of the Income Tax Act, but the exemption is subject to certain limits.
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