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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

Sourav (Student)     23 June 2021

Leave encashment is exempt for Government employees
Sandeep Ranga (Sandy)

Sandeep Ranga (Sandy)   23 June 2021

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

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

Sourav (Student)     18 July 2021

Full amount is exempt for Government employees

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