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Encasment of HPL

GURTEJ SINGH (13 Points)

16 August 2019

Whether HPL half pay leave encashed at the time of retirement taxable ?

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2 Replies

Kapadia Pravin (17259 Points)
Replied 16 August 2019

Follow Form 16 alongwith annexure and check 26AS

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Sethu Raman (160 Points)
Replied 16 August 2019

Encashment of Leave salary up to 300 days (fully EL or Combination of EL with HPL) for Govt employees are fully exempted where as other than Govt employees more than Rs.3L are taxable whether it is with EL fully or EL with HPL combination, no matter.