CBDT Circular on taxability of Cash equivalent of leave salary payable to legal heirs on the death of employees

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Cash equivalent of leave salary payable to legal heirs on the death of Government/non-Govemment employees – Whether taxable under the head “Salaries” CLARIFICATION 1 Circular : No.309 [F. No. 200/125/79-IT(A-I)], dated 3-7-1981. 1. In terms of para 1(iv) of O.M. No. 16(2)-E-IV(A)/73, dated 9-1-1974 issued by the Ministry of Finance, Department of Expenditure, the family…

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