leave valuation method

[udit gupta]

Dear Sir, What is leave valuation method ? please advise me. Regards Narenda

[Surender Gupta]

Please see Rule 2B of Income Tax Rules, 1962.

[DEV KUMAR KOTHARI]

Your query is vague and incomplete.

Do you want leave valuation for taxabilty as perks,  allowability  as expenditure or for accounting purposes?

AI Summary

Leave valuation method: tax treatment depends on the relevant rule and whether it is perquisite, expenditure, or accounting. Leave valuation method concerns attributing monetary value to accrued or encashed leave under the Income Tax framework, with Rule 2B identified as the controlling provision. The proper legal treatment depends on the context-perquisite taxation, allowability of expenditure, or accounting valuation-and the applicable valuation approach must be chosen accordingly.