https://www.taxtmi.com/forum/issue?id=5340 Exemption for cash payment of unavailed earned leave on leaving service is the least of the cash equivalent of earned leave standing to the employee, ten months' average salary, the prescribed monetary ceiling, and the amount actually received. Calculation steps: compute years of service (ignore fractions), apply the employer's leave credit rate capped at thirty days per year, subtract leave already taken or encashed and convert days to months, and compute average salary over the ten months preceding cessation including basic pay, dearness allowance where contractual, and fixed-percentage commission. Aggregation rules and death-related exemptions apply. en-us Sat, 23 Feb 2013 09:25:24 +0530 Thu, 23 Jan 2025 15:57:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=5340 Exemption for cash payment of unavailed earned leave on leaving service is the least of the cash equivalent of earned leave standing to the employee, ten months' average salary, the prescribed monetary ceiling, and the amount actually received. Calculation steps: compute years of service (ignore fractions), apply the employer's leave credit rate capped at thirty days per year, subtract leave already taken or encashed and convert days to months, and compute average salary over the ten months preceding cessation including basic pay, dearness allowance where contractual, and fixed-percentage commission. Aggregation rules and death-related exemptions apply. Discussion-Forum Income Tax Sat, 23 Feb 2013 09:25:24 +0530 https://www.taxtmi.com/forum/issue?id=5340