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View Full Version : Is encashment of EL for LTC taxable ?



coolgoose2
19-12-2009, 10:43 PM
Hi all

I have availed LTC for the bloc year 2006-09 and encashed 10 days EL in this year. Is the amount received taxable ?

regards

:):):)

jayakumarbalaji
20-12-2009, 10:30 AM
Yes. It is taxable. for any tax related quires contact: [email protected]