Can we claim leave exmeption while working in a company?

46°
Deal Cadet
Musky

I have received 8k amount of leave enacshment at the end of the year, however I have not resigned. I work in a private company.

Will I be eligble for exemption on leave encashment or is it applicable only at the time of resignation?

Expired
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Coupon Baba Coupon Baba
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Mostly it will be while leaving the organization but depends on their internal policies.

Cool Cool
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Depending on company policy

Some company allows each year to either encash or carry forward

Deal Cadet Deal Cadet
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that is true, leave encashment depends on company's policy. 

But I am asking about the exemption on leave encashment.
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Deal Lieutenant Deal Lieutenant
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It is taxable as per your income slab, as you haven't resigned.

Deal Cadet Deal Cadet
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IMG20230329224024
Deal Cadet Deal Cadet
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Leave Encashment Received while in service is Fully Taxable

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