tax on leave encashment at retirement

I retired from Indian statistical institute which is institute of national importance created by an act of parliament(same is the case of IIT), I would like to know whether my leave encashment would be fully exempted from income tax more

Helpful Tax, Investments and Retirement Jul 21

Viewed by 299

Deekshitulu Kalaga (President Sri Rama hills welfare association)

it is fully exempted if you are a government employee encashing after your retirement. But while in service it is taxed. I do not know about private services more

Jul 26

Brij Gupta (Technical Convenor - Essel RWA)

It is good if the Govt has now made it tax free... In our times, it used to be added to your income more

Jul 21

DEVINDER SHARMA

Fully exempt more

Jul 21

DEVINDER SHARMA

The 300000 exemption is for private sector. more

Jul 22

Dev Dass Santani

I think it is fully exempt upto 300000 more

Jul 21

DEVINDER SHARMA

Please declare it in your IT return under exrmpted allowances. more

Jul 21

Karan Tandon (Expert , Insurance and Investments)

For others it is restricted to 300 days for tax exemption more

Jul 21

Ashok Shrikhande

As per section 10(10AA), leave encashment by a Government employee at the time of retirement (whether on superannuation or otherwise) is wholly exempt from tax. more

Jul 21

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