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Applicability of income tax on encashment of unearned leave
Dear Experts,
Please clarify whether income tax is chargeable on encashment of
a) earned leave and
b) unearned leave on private affairs
at the time of retirement.
Replies (2)
EL encashment is exempt if certain conditions are satisfied. Read more:
Thanks.
But please clarify whether it equally applies to ENCASHMENT OF UNEARNED LEAVE ON PRIVATE AFFAIRS AT THE TIME OF RETIREMENT.
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