TaxTMI 
TaxTMI 
TaxTMI 
leave encashment tax treatment
X X X X Extracts X X X X
X X X X Extracts X X X X
....eave encashment tax treatment<br> Query (Issue) Started By: - udit gupta Dated:- 12-10-2010 Last Reply Date:- 13-10-2010 Income Tax<br>Got 3 Replies<br>Income Tax<br>What will be tax leave encashment ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....of following condition:- 1. When emplyee retirment from service 2. During the Service. 3 Leaving the of service/ termination Example: Suppose A employee have 75 leave and basic salary of Rs. 200000 a....
X X X X Extracts X X X X
X X X X Extracts X X X X
....t the time of retirment/Leaving service/termination of service/During the service. please tell me what will be the tax of all condition. Regards Narendra Reply By CA Rachit Agarwal: The Reply: In a....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ll the cases 1. In hands of Employee: Exemption will be allowed upto 30 days of the last salary drawn. Salary means basic salary plus dearness allowance. Leave Encashment in excess of 30 days will be....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... taxable. Reply By Surender Gupta: The Reply: For more details, please see Rule 2B of Income Tax Rules, 1962 Reply By Surender Gupta: The Reply: For more details, please see Rule 2B of Income Tax Rul....
X X X X Extracts X X X X
X X X X Extracts X X X X
....es, 1962<br> Discussion Forum - Knowledge Sharing ....