Leave Salary Received On Retirement
(A) Government Employee and cases where amount is received by Legal heirs
on the death of employee
Fully Exempt
(B) Other Employees
Least of the following is exempt:
*
Rs.3,00,000
*
10 months salary
*
Cash equivalent of the leave to the credit of the employee
*
Actual leave salary received
Where leave salary is received more than once, either from more than one
employer in the same previous year, or, over several previous years, then the
total leave salary exemption cannot exceed the statutory limit, i.e.,
Rs.3,00,000/-.
Regards
George
On Thu, 16 Dec 2010 12:48:15 +0530 wrote
>Hi Friends,Can you provide information on Leave Salary Exemption while
>resigning. Is there any exemption limit or the entire leave salary is exempted.
Please advise.Thanks & Regards,
Kiran Takke
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