EASYOFFICE
EASYOFFICE
EASYOFFICE

Leave encashment Section 10(10AA)

This query is : Resolved 

15 July 2023 Hi team,

Any idea if the enhanced exemption of 25 lakhs under leave encashment for pvt sector is available for AY 23-24. It was announced on 24th May 2023. However , will this be effective for AY 23-24. or is it still 3 lakhs only ?

Thanks
Mukund

15 July 2023 For AY 2023-24, the limit remains 3 lakhs only (on retirement for private organization employees)

15 July 2023 thanks a ton sir when u say retirement, it also means resignation I presume.


15 July 2023 thanks a ton sir when u say retirement, it also means resignation I presume. meaning say i am on a break in between jobs and have my leave salary encashed from the previous organization

15 July 2023 Yes, resignation from any employer is included in retirement term.

15 July 2023 thank you for the prompt response

15 July 2023 You are welcome.



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

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries