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SECTION 10 10 A A
IS THERE ANY RELAXATION IN UPPER LIMIT OF RS.300000/-.
Replies (3)
Leave encashment u/s 10 will be calculated as follows
(least of the following)
leave encashment is exempt upto 300000 rupees
actual leave encashment you earned during the year
10 months average salary you earned during the year
actual leave you taken and the leave allotted to you on the basis of 30days salary will be calculated
(least of the following)
leave encashment is exempt upto 300000 rupees
actual leave encashment you earned during the year
10 months average salary you earned during the year
actual leave you taken and the leave allotted to you on the basis of 30days salary will be calculated
No relaxation in upper limit
No above 300000 it
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