Leave Salary/Encashment

10 August 2021

In case of leaving a job in private company, will exemption will be available in respect of Leave encashment? Not the case of retirement.

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6 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 10 August 2021

Yes exemption can be available

prasanth (ipcc) (209 Points)
Replied 10 August 2021

Exemption is available in your case dont worry

Mahesh Shah (2308 Points)
Replied 10 August 2021

Since your retirement is from private company , leave encashment calculated as per sec 10 (10AA), is exempted. bal amt will be taxable

Jaiminder Singh Dhillon (CA) (99 Points)
Replied 10 August 2021

Sir it's not retirement.

Mahesh Shah (2308 Points)
Replied 10 August 2021

Applies also to resignation

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CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 17 August 2021

Applies to resignation

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