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TDS on Leave Encashment

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Student
273 Points Posted on 15 April 2022
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
Replies (7)
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196 Points Posted on 15 April 2022
No separate rate for leave encashment.. add in salary taxable and deduct tax as per income tax rule
1 Reply
On 15 April 2022 at 15:39
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Article assistant
46 Points Posted on 15 April 2022
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
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On 15 April 2022 at 17:38
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CFO- at NHTF
58280 Points Posted on 16 April 2022
Leave encashment received at the time of resignation or retirement is exempted to some extent as per Section 10(10AA)
59 Reply
On 16 April 2022 at 02:25
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accountant
888 Points Posted on 17 April 2022
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 Posted on 17 April 2022
Leave encashment received during employment is fully taxable ..Rate of tax depends on your total income and type of tax regime.
59 Reply
On 17 April 2022 at 16:04
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Profession Business
28196 Points Posted on 18 April 2022
No seperate rate for leave encashment.
44 Reply
On 18 April 2022 at 06:16
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CFO- at NHTF
58280 Points Posted on 18 April 2022
Rate of tax depends on old regime or new regime and total income..

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


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