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Thread: Tax on Encashment of leave.

  1. #1
    Senior Member R K Rao is on a distinguished road
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    Oct 2008
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    Default Tax on Encashment of leave.

    Sir,

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

    Thnks

    RKR

  2. #2
    Junior Member VGNAMBIAR
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    Default Leave Encashment-Deduction of TAx

    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.
    Last edited by VGNAMBIAR; 30-10-2009 at 09:45 PM.

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