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View Full Version : Is 10 days EL encasement comes under Income tax?- Seeking Clarification



vinodpandey61
16-01-2014, 03:52 PM
Whether 10 days EL encasement comes under Income Tax
I would appreciate if any learned member of this Forum clarify whether 10 days earned leave encasement comes under Income Tax i.e. whether this amount is treated as Income?

Victor
17-01-2014, 05:05 PM
Whether 10 days EL encasement comes under Income Tax
I would appreciate if any learned member of this Forum clarify whether 10 days earned leave encasement comes under Income Tax i.e. whether this amount is treated as Income?

Yes this is taxable. Only EL encashment at the time of retirement is exempted from income tax.

Victor

vinodpandey61
17-01-2014, 08:38 PM
Thanks a lot Victor ji for clarification.