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Taxablity of leave encashment

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 December 2011 Dear Sir,
Pls explain me provision for Taxablity of leave encashment received during employment.

Thanks:

Raj
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
14 December 2011 Encashed leave salary during employment would be fully taxable.
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Querist : Anonymous

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Querist : Anonymous (Querist)
14 December 2011 Thanks Aditya,
It Means while issuing form 16 to Employee we have to club the Leave Encashment amount with gross salary & deduct TDS as per applicable Slab i.e 10%, 20%. & 30% respectively.

Thanks
Raj
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Darshit Joshi

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Darshit Joshi (Expert)
14 December 2011 it is fully taxable. however you can claim relief under section 89.

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