Taxability of Earned Leave - Reg

This query is : Resolved 

31 March 2009 Dear All,

An employee resigned and the employer paid him cash for the unavailed earned leave at his credit.

Whether the above amount received by the employee eligible for the exemption under secdtion 10(10AA)?.

Regards,
V. Jagadeesan,

31 March 2009 No, it will not consider as retirement, so no exemption available



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