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Leave Encashment

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 March 2011 If the company has the policy that all employees can encash their balance leave at end of every year, does in that case also leave encashment will be exempt or it will be taxed.
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CA Punit

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CA Punit (Expert)
01 March 2011 Leave encashment while in service is Fully Taxable..
however relief u/s 89 can be claimed
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
02 March 2011 Agreed. Its taxable.
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