Tag Archives: Leave Encashment

Leave Encashment Tax Treatment

Leave Encashment Taxation of Leave Encashment Section 10(10AA) of the Income-tax Act, 1961, provides for exemption of the amount received by an assessee by way of leave encashment, under certain conditions and to a certain extent. Any leave encashment received by an employee of the Central Government or a State Government at the time of his… Read More »