Leave encashment in case of switching from one job toanother
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 July 2014
sir,
leave encashment is taxable or not in case of switching of job from one to another.
for ex-
mr. X works somewhere but resigns from there nd now he joined in co. Y nd recieved leave encashment of Rs. 30000 from previous employer . is this leave encashment is taxable or not?
leave encashment is taxable or not in case of switching of job from one to another.
for ex-
mr. X works somewhere but resigns from there nd now he joined in co. Y nd recieved leave encashment of Rs. 30000 from previous employer . is this leave encashment is taxable or not?
31 July 2014
Exempted under Section 10(10AA) read along with decision in CIT Vs R.J. Shahney (1986)159 ITR 160 (Madras).
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