Earn leave encashment

This query is : Resolved 

08 August 2020 I am a central public sector employee retired from service this year, whether leave encashment amount (8 lakhs) received is fully exempted from income tax at the time of retirement?

09 August 2020 Yes, Fully exempt as per Section 10AA(i) of Income Tax Act, 1961.

09 August 2020 Sorry, make it section 10(10AA)(i) of Income Tax Act 1961.




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