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Taxable income
A government servant received Rs 22800 after surrender 15 days privilege leave in his service in the F.Y.2017-18. Will the amount be taxable for the A.Y.2018-19.
Replies (3)
understand if the salary is surrendered to central government its not taxable
Thanks, Sir.
Leave encashment during the employment is taxable.
but at the time of retirement is exempted in the hands of Govt. employee.
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