Amount received by way of encashment of leave can be treated as salary for the purposes of relief u/s 89(1) of Income Tax Act, 1961.

Amount received by way of encashment of leave can be treated as salary for the purposes of relief u/s 89(1) of Income Tax Act, 1961. https://www.taxtmi.com/circulars?id=9042 Payment on encashment of accumulated leave results from an employee's voluntary election to surrender leave for monetary compensation and does not fall within the scope of salary received in arrears or advance for the purposes of relief under section 89(1); such amount accrues in the year the option to receive payment is exercised and therefore does not qualify for relief under that provision. en-us Thu, 07 Oct 1976 00:00:00 +0530 Wed, 01 Jun 2011 18:08:00 +0530 TaxTMI RSS Generator Amount received by way of encashment of leave can be treated as salary for the purposes of relief u/s 89(1) of Income Tax Act, 1961. https://www.taxtmi.com/circulars?id=9042 Payment on encashment of accumulated leave results from an employee's voluntary election to surrender leave for monetary compensation and does not fall within the scope of salary received in arrears or advance for the purposes of relief under section 89(1); such amount accrues in the year the option to receive payment is exercised and therefore does not qualify for relief under that provision. Circulars Income Tax Thu, 07 Oct 1976 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9042