https://www.taxtmi.com/forum/issue?id=117366 Payments of leave encashment during employment are fully taxable, while payments on retirement qualify for a conditional exemption under Section 10(10AA) for the cash equivalent of earned leave up to the statutory cap; the statutory explanation limits earned leave entitlement to thirty days per year of service with the retiring employer, so retirement encashment within that entitlement falls within the exempt portion, subject to aggregate limits and adjustments for multiple employers or prior receipts. en-us Tue, 20 Jul 2021 16:50:34 +0530 Thu, 23 Jan 2025 15:54:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117366 Payments of leave encashment during employment are fully taxable, while payments on retirement qualify for a conditional exemption under Section 10(10AA) for the cash equivalent of earned leave up to the statutory cap; the statutory explanation limits earned leave entitlement to thirty days per year of service with the retiring employer, so retirement encashment within that entitlement falls within the exempt portion, subject to aggregate limits and adjustments for multiple employers or prior receipts. Discussion-Forum Income Tax Tue, 20 Jul 2021 16:50:34 +0530 https://www.taxtmi.com/forum/issue?id=117366