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Queries on leave fare concession & leave encashment

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 December 2013 Bank Employee, this year(Nov-2013) availed LFC by self declaration and got Rs.8000.00 and sold one month leave of Rs.49000.00 approx.
What or How I need to calculate my Income Tax with my normal salaries.
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@VaibhavJ

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@VaibhavJ (Expert)
29 December 2013 Hi

Lfc earned will be tax free.

Leave encashment received to be added to total income earned for the financial year.

Thanks

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