Is Leave Encashment recieved from Foreign employer available under 10(10AA)
This query is : Resolved
05 December 2021
Hi Team,
I was working for 4 year dedicatedly in Germany as a local employee there with no connection to India. 4 month back I resigned and Move back to India and started a job here.
Now since I use to get 25 leaves in a year, I was unable to finish 16 leaves and those were enchashed along with my salary. Can I claim deduction for that Leave Encashment under 10(10AA)? Also I have a proof as a salary slip for the same. Will that work if I need to upload it somewhere?
I was working for 4 year dedicatedly in Germany as a local employee there with no connection to India. 4 month back I resigned and Move back to India and started a job here.
Now since I use to get 25 leaves in a year, I was unable to finish 16 leaves and those were enchashed along with my salary. Can I claim deduction for that Leave Encashment under 10(10AA)? Also I have a proof as a salary slip for the same. Will that work if I need to upload it somewhere?
05 December 2021
Yes, 10(10AA) exemption may be claimed.
Reduce the amount from gross salary and file ITR.
Reduce the amount from gross salary and file ITR.
05 December 2021
Do I need to provide any kind of Proof somewhere since it's a foreign employer they don't have Form 16? Definitely I do have a Pay slip where I can show it's a leave enchashment money?
05 December 2021
No need to provide any proof unless asked for it.
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