Leave encashment taxability

Dhaval (Job) (794 Points)

01 November 2013  

Dear all,

I resigned from the company after working their for one year only. At the time of leaving they also gave me salary for my balance leave credit.

I want to know is this leave salary taxable or exempt?

Is there any criteria for minimum service period for claiming exemption?

Kindly quote relevant section/rule numbers.