leave encashment tax treatment

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..... What will be tax leave encashment of following condition:- 1. When emplyee retirment from service 2. During the Service. 3 Leaving the of service/ termination Example: Suppose A employee have 75 lea .....

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..... ve and basic salary of Rs. 200000 at the time of retirment/Leaving service/termination of service/During the service. please tell me what will be the tax of all condition. Regards Narendra - Rep .....

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..... ly By CA Rachit Agarwal - The Reply = In all the cases 1. In hands of Employee: Exemption will be allowed upto 30 days of the last salary drawn. Salary means basic salary plus dearness allowanc .....

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..... e. Leave Encashment in excess of 30 days will be taxable. - Reply By Surender Gupta - The Reply = For more details, please see Rule 2B of Income Tax Rules, 1962 - Reply By Surender Gupta - The Re .....

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..... ply = For more details, please see Rule 2B of Income Tax Rules, 1962 - leave encashment tax treatment - Query Started By: - udit gupta Dated:- 12-10-2010 Income Tax - Got 3 Replies - Income Tax - .....

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..... Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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