Encashment exemption

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Querist : Anonymous

Querist : Anonymous (Querist)

27 May 2013 If Employee has not retired person but he took the leave encashment on continue job that time what exemption limit for encashment. Please solve my query.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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27 May 2013 There is no exemption for leave encashment availed during service. it is fully taxable

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C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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13 July 2013 Any leave encashment beofre retirement is fully taxable and no exemption is available. It is exempted only if ti is encashed after retirement.

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Querist : Anonymous

Querist : Anonymous (Querist)

16 August 2013 Thank you sir....