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Leave encashment

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(Querist)
03 January 2014 what will be the tax treatment of Leave encashment received on monthly basis along with salary in the hand recepient of salary from a pvt company?
Is there any exemption available?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
03 January 2014 Leave encashment during service is fully taxable. no exemption can be claimed

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