Half pay leave taxable or exempt?

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Dear sir/madam,

My client govt. employee retired He recd. after retirement HALF PAY LEAVE TAXABLE OR EXEMPT?

Replies (6)
taxable

sir, pls any explain me.. any example

oh wait. u talking about leave encashment post retirement?

for govt employees it is exempt.

For non-govt employees, the amount exempted on retirement is least of the following: a) actual leave encashment amount b) 10 months' average salary (basic salary, dearness allowance and commission based on fixed percentage of turnover achieved by the employee average salary drawn in past ten months immediately before retirement) c) Cash equivalent of unutilised earned leaves (leave earned cannot exceed 30 days for each year of service rendered to the employer) d) Rs 3 lakh - the maximum amount specified by the government.
half pay or full pay in aggregate it shouldn't exceed 30 days per annum X number of years of service

sir, your reply exempt or taxable pls guide me

thanks for your reply


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