Exemption on Leave Salary in case of Resignation from Job Allowable ?


The receipt of leave salary is taxed as salary. ButsSection 10(10AA) exempts amount of salary received on account of balance of leave saved by a person at the time of his/her retirement or superannuation.  However, whether the leave salary received by a person who resigns from service is an issue which was controvertial . This…

This content is for annual and Semi Annual members only.

Log In Register

Comments are closed.