- CA HARSH GARG
- Leave a Comment on Unlocking the Secrets of Leave Encashment: Understanding Taxation, Exemptions, and Benefits
Unlocking the Secrets of Leave Encashment: Understanding Taxation, Exemptions, and Benefits
What is leave encashment? Leave encashment refers to the payment made by an employer to an employee for unused leaves. In India, leave encashment is governed by the Income Tax Act, 1961. According to the Act, leave encashment received