Leave Encashment During Employment

vinay (accounting) (165 Points)

04 March 2011  

Hello,

 

Is Employee liable to tax if he encashes leave during Employment? Leave encashment exemption after retirement and termination subject to conditions/clauses are understood. Can any member please clarify on this note. Please provide reference to the Sections under the IT Act.

 

Thank you,

 

Vinay