Tax on HPL encashment on retirement
This query is : Resolved
30 August 2022
Dear experts,
The query is about the leave encashment to govt. employees.
They get encashment of earned leaves and half-pay leaves, depending upon the shortage of earned leaves below 300.
The income tax exemption section 10(10aa) sets exemption for ‘earned leaves’ only. There’s no mention of ‘half pay leaves’.
Is there any clarification about it or the HPL encashment is fully taxable?
Please guide.
Thanks
The query is about the leave encashment to govt. employees.
They get encashment of earned leaves and half-pay leaves, depending upon the shortage of earned leaves below 300.
The income tax exemption section 10(10aa) sets exemption for ‘earned leaves’ only. There’s no mention of ‘half pay leaves’.
Is there any clarification about it or the HPL encashment is fully taxable?
Please guide.
Thanks
CA R SEETHARAMAN
(Expert)
30 August 2022
HPL encashment is taxable.
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