Is any taxable liability create on income of leave encashment on retired
of public sector bank employee ???
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Leave encashment on retirment
Replies (10)
Quick Summary
If you come under central and state govt employee then it is fully exempt.
Else you have to follow Section 10(10AA)(ii) for quantum of Exemption for non govt employees
Else you have to follow Section 10(10AA)(ii) for quantum of Exemption for non govt employees
Sec 10 is an exempted section.
@ Dhananjay ,
Do you come under govt employee?
Do you come under govt employee?
Sir I am public sector bank employee [ Non govt]
Then you may not be eligible for full exemption but you can claim exemption as per calculations of section 10(10AA)(ii)
How can a psu bank employee be non govt?
You can say a pubic limited company like Reliance industries need to be Govt undertaking
There is a difference between public sector and private sector.
public sector bank is seperate wholly owned by Bank.
public sector bank is seperate wholly owned by Bank.
Public sector need not be government
Sir,any amadment in exemption limit under saction10(10AA)(ii) - budget 2023 effect from date ?
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