What is the rule of leave encashment in income tax calculaton?

0 ⤊

2007-01-28 18:38:24 · 2 answers · asked by shalabh 1 in Business & Finance ➔ Taxes ➔ Other - Taxes

Will be liable for tax unless the encashment is at the time of retirement.

2007-01-30 22:51:28 · answer #1 · answered by cvrk3 4 · 0⤊ 0⤋

leave enchased will be treated as income for the year and subject to income tax as per your slab.

2007-01-31 10:21:34 · answer #2 · answered by getonlinehelp 1 · 0⤊ 0⤋