If an employee (private employee or non govt) change origination using resignation letter and get leave encashment, is he/she entitled to take exemption.
If an employee (private employee or non govt) change origination using resignation letter and get leave encashment, is he/she entitled to take exemption.
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.
Naveen Fintech Pvt Ltd
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