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Dear friends, Do you know that leave encashment at the time of resignation is tax-free? Pl see attached article and claim your exemption accordingly. Regards,
From India, Malappuram
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File Type: doc Taxability of leave encashment on resignation.doc (34.0 KB, 1678 views)

Tax on Leave Encashment (mymisccollection) <link updated to site home> ( Search On Cite | Search On Google )
Leave Encashment should not be tax after ruling from Madras High Court.
For the purpose of Section 10(10AA), the term ‘Superannuation or otherwise’ covers resignation (CIT Vs. R.V. Shahney 159 ITR 160(Madras).

From India, Bangalore
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