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R K Rao
30-10-2009, 09:12 PM
Sir,

Is the amount received as encashment of earned leave, WHILE IN SERVICE, taxable?

Thnks

RKR

VGNAMBIAR
30-10-2009, 09:39 PM
Dear friend

As per IT rules salary for the purpose of IT recoveries includes the leave salary encashment availed in service but does not include Leave Salary encashment received at the time of quitting service.