TDS on Leave Encashment

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Student
273 Points Joined July 2017
Is TDS to be deducted on leave encashment during the employment ? (The person is not retired & will continue the same employment)

If yes, than at what rate TDS should be deducted ?

Thanks & Regards
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On 15 April 2022 at 13:44 Report
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196 Points Joined July 2017
No separate rate for leave encashment.. add in salary taxable and deduct tax as per income tax rule
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On 15 April 2022 at 15:39
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Article assistant
46 Points Joined July 2020
Leave Encashment is depend upon the type of employee whether they are govt or private
for govt employees leave Encashment is not taxable for private employees it will be form part of salary and taxed at slab rates
2 Reply
On 15 April 2022 at 17:38
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CFO- at NHTF
58280 Points Joined August 2012
Leave encashment received at the time of resignation or retirement is exempted to some extent as per Section 10(10AA)
1 Reply
On 16 April 2022 at 02:25
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accountant
888 Points Joined January 2017
Leave encashment during service is taxable as per existing slab.
1 Reply
On 17 April 2022 at 15:05
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CFO- at NHTF
58280 Points Joined August 2012
Leave encashment received during employment is fully taxable ..Rate of tax depends on your total income and type of tax regime.
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On 17 April 2022 at 16:04
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28118 Points Joined May 2017
No seperate rate for leave encashment.
1 Reply
On 18 April 2022 at 06:16
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CFO- at NHTF
58280 Points Joined August 2012
Rate of tax depends on old regime or new regime and total income..

You may consider it as per slab rates
1 Reply
On 18 April 2022 at 07:45


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