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INCOME TAX ON LEAVE ENCASHMENT

Leave encashment Leave Salary means the salary for the period of leave not availed by the employee. The Encashment of accumulated leave can be at the time of retirement or during the continuation of service. The provisions relating to taxation of leave salary are as follows: [message](A) Encashment of leave during the continuation of service : Leave encashment received during...

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INCOME TAX ON LEAVE ENCASHMENT

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