Leave encash
pandit bapu kolekar (tax consultant) (21 Points)
22 June 2021
if state government employee receives leave encashment after retirement rs 700000 is exempt u/s 10 please quide
4 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 23 June 2021
Leave encashment is exempt for Government employees
Sandeep Ranga (Sandy)
(2 Points)
Replied 23 June 2021
Up to a specified limit. Not whole amount.
calculated as per the salary statement.
calculated as per the salary statement.
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 23 June 2021
Leave salary received by govt employees at the time of retirement is exempt u/s 10(10AA)(i).
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 18 July 2021
Full amount is exempt for Government employees
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