Leave encashement exemption

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2 Points Posted on 20 August 2020
Is leave ecashment received by government employee at the time of retirement exempt totally?
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On 20 August 2020 at 11:23 Report
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Government employees can rejoice as leave encashment received at the time of retirement or superannuation is fully exempt from tax. This exemption is provided under Section 10(10AA) of the Income Tax Act, offering significant tax relief to central and state government employees.

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Tax and Business Consultant
11616 Points Posted on 20 August 2020
Yes, Leave encashment is fully exempt for employees of Central and State Government, If received after retirement or superannuation.
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On 20 August 2020 at 11:31
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student
22 Points Posted on 20 August 2020
Yes. as per section 10(10AA) leave encashmemt recieved by the Govt. employee during retirement is Totally exempt.
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On 20 August 2020 at 11:31
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Tax and Business Consultant
11616 Points Posted on 20 August 2020
Yes, Leave encashment is fully exempt for employees of Central and State Government, If received after retirement or superannuation.
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On 20 August 2020 at 11:31

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