Calculate Taxable Leave Encashment
(Calculate taxable value of Leave Encashment as per Income Tax Rules)
1. Select the nature of Employment :
2. Whether you are presently working here ?
Results:
1. Your Taxable Leave encashment is :
Label
2. Your Exempt Leave Encashment is :
Leave encashment received by you is fully exempt.
Any amount earned as leave encashment during the course of employment,
whether by a government or a non-government employee, is liable to tax.
Therefore, the whole amount of leave encashment received by you is
taxable as ‘Income under the head Salary’.