leave encashment
This query is : Resolved
07 February 2011
if leave encashment received during the service period to an employee of PSU
it is taxable or not
it is taxable or not
07 February 2011
Yes-Taxable. There is no ambiguity in this respect
07 February 2011
During the continuance of service ,leave encashment is always taxable.
07 February 2011
taxable and the term salary is defined to include "any payment recieved by an employee while in service in respect of any period of leave not availed by him:
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