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Leave Salary Exemption - [Sec. 10(10AA)]

Income Tax - Salary Income - 05 - LEAVE SALARY EXEMPTION [Sec. 10(10AA)] If Leave salary encashment is received by any employee while in employment then it is fully taxable in the hands of employee. While if leave encashment is received in case of re .....

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ment is fully exempt In case of any other employee, least of the following shall be exempt: Actual amount received 3,00,000 10 months Average Salary1 Average Salary x leaves at the credit of an employee (leaves cannot exceed 30 days for every complet .....

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