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Reimbursement of leave encashment-Inclusion in GTI

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(Querist)
17 January 2009 Hi all,

Kindly resolve the following query:

An employee has received Rs.50,000/- from his employer towards leave encashment.

1. Is this taxable income?
2. Can this be included at the time of calculation of Gross Total Income of the employee?

Thanks in advance.
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K V Subba Rao

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K V Subba Rao (Expert)
17 January 2009 It MUST be included in GTI for tax purpose

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