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Leave encashment exemption for private sectors employees

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(Querist)
04 July 2024 Will employees of merged company get leave encashment exemption received from merged company.
Is Leave encashment amount taxable which is received from pending leaves which were credited to the employees on last salary pre merger.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
05 July 2024 It will be considered as leave encashment on retirement/ resignation and exempt from tax upto Rs 25 lacs.
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CA Puja Sharma

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CA Puja Sharma (Expert)
05 July 2024 Yes, tax exemption upto Rs. 25 Lacs us 10(10AA)(ii) will be available in case of non-government employees.
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