CA Day celebration 2024 Easy Office
LCI Learning

is leave encashment exempt if recd at termination?

This query is : Resolved 
Profile Image

Profile Image

(Querist)
31 July 2008 leave encashment recd at the time of termination,whther exempt or taxable?
Profile Image

Vivek Banginwar

Profile Image

Vivek Banginwar (Expert)
01 August 2008 leave encashment is exempted u/s 10(10)(c) of the Income Tax Act, 1961 upto the limit 5,00,000/- if the employee is a working in bank or other Non Govt. organisations.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CA Day celebration 2024 with Tally CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links