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Earn leave encashment

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(Querist)
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?
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CA KARAN SINGH

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

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