+ Reply to Thread
Results 1 to 2 of 2

Thread: Tax on Encashment of leave.

  1. #1
    Senior Member R K Rao is on a distinguished road
    Join Date
    Oct 2008

    Default Tax on Encashment of leave.


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



  2. #2
    Junior Member VGNAMBIAR
    Join Date
    Aug 2008

    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.

+ Reply to Thread

Similar Threads

  1. leave encashment on retirement
    By srikanti subrahmanyam in forum Leave
    Replies: 11
    Last Post: 13-10-2010, 06:06 AM
  2. Leave Encashment on LTC Modified.
    By kgkacharya in forum LTC
    Replies: 1
    Last Post: 18-12-2009, 02:20 PM
  3. Leave Encashment during LTC
    By Jaykumar in forum LTC
    Replies: 5
    Last Post: 23-09-2009, 09:44 PM
  4. LTC-Leave Encashment - What is the Denominator?
    By badri mannargudi in forum LTC
    Replies: 2
    Last Post: 01-03-2009, 07:45 PM
  5. ltc& leave encashment
    By DR.VBP in forum LTC
    Replies: 5
    Last Post: 28-11-2008, 08:30 PM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts