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pandit bapu kolekar (tax consultant) 22 June 2021

Leave encash

if state government employee receives leave encashment after retirement rs 700000 is exempt u/s 10 please quide

4 Replies

Sourav (Student) 23 June 2021

Leave encashment is exempt for Government employees

Sandeep Ranga (Sandy) 23 June 2021

Up to a specified limit. Not whole amount.
calculated as per the salary statement.

CMA Poornima Madhava (CMA) 23 June 2021

Leave salary received by govt employees at the time of retirement is exempt u/s 10(10AA)(i).

Sourav (Student) 18 July 2021

Full amount is exempt for Government employees

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