Dear Sir/Madam,
I have receved the Amount for leave encashment 47771(31 days) from my previous employer after I resigned from the job.
Just wanted to know is this amount eligible from total taxable income.If yes then under which section of income tax rules.
Please clarify.
section 10 (10AA) covers retirement and resignation. you can claim exemption upto 300000
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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