TAXABILITY OF LEAVE ENCASHMENT RECEIVED DURING SERVICE

This query is : Resolved

ramesh (Querist)
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14 July 2024 I AM A CENTRAL GOVT EMPLOYEE AND RECEIVED LEAVE ENCASHMENT WHILE IN SERVICE. MY OFFICE DEDUCTED 30% INCOME TAX ON THE AMOUNT PAID TO ME AS LEAVE ENCASHMENT. CAN I CLAIM DEDUCTION UNDER SEC. 89 FOR THE INCOME TAX DEDUCTED. KINDLY CLARIFY.

URGENT CLARIFICATION PLEASE

Dhirajlal Rambhia online

Dhirajlal Rambhia online

(Expert)
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15 July 2024 Yes, you can get rebate u/s. 89(1) IT act by filing form 10 E before filing relevant return.

ramesh

ramesh (Querist)
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15 July 2024 pl inform under which heading i should apply for rebate under Sec. 89 (1) - is it under Salary arrears received? Annexure I. pl reply

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Dhirajlal Rambhia online

Dhirajlal Rambhia online

(Expert)
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15 July 2024 Yes, it is taxable under head Salary.

ramesh

ramesh (Querist)
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15 July 2024 PL ALSO INFORM HOW TO SHOW THE LEAVE ENCASHMENT RECEIVED IN FORM 10 E

Dhirajlal Rambhia online

Dhirajlal Rambhia online

(Expert)
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15 July 2024 Refer: 2. Annexure I (Arrears) - Salary / Family Pension received in arrears in the link.....
https://www.incometax.gov.in/iec/foportal/help/statutory-forms/popular-form/form10e-um

For tax calculator on arrears ....
Refer:: https://cleartaxindia.com/how-to-file-10e-in-the-new-income-tax-portal-with-auto-calculate-income-tax-arrears-relief-calculator-u-s-891-with-form-10e-from-the-f-y-2000-01-to-f-y-2023-24/