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1. Select the nature of Employment :
2. Whether you are presently working here ?
3. Amount of Leave encashment received:
4. Total salary of last 10 months drawn in last 10 months immediately before retirement :
5. Duration of Employment/ Service (In Years) :
6. Leave Entitlement For each year of service (In Days) :
7. Total Leaves Availed (In Days) :
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’.
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