Dear Seniors, Good Afternoon! Please advise - is the amount of leave encashment is taxable/exempt from tax on termination cases?
From India, Chennai
24From India, Chennai
Dear Colleague,
Leave encashment is taxable on resignation for a non-government employee based on calculation as per section 10(10AA).
For a government employee, leave encashment received after retirement or resignation is exempt from tax.
From India, Chennai
Leave encashment is taxable on resignation for a non-government employee based on calculation as per section 10(10AA).
For a government employee, leave encashment received after retirement or resignation is exempt from tax.
From India, Chennai
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