Case Law Details
Case Name : Pudhureddiyur Raju Kalaimani Vs ITO (ITAT Chennai)
Related Assessment Year : 2017-18
Courts :
All ITAT ITAT Chennai
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Pudhureddiyur Raju Kalaimani Vs ITO (ITAT Chennai)
Resignation Equals Retirement: Leave Encashment of ₹3 Lakh Exempt u/s 10(10AA), Chennai ITAT Rules
Chennai ITAT ‘B’ Bench allowed the assessee’s appeal for AY 2017-18 and held that leave encashment of ₹3,00,000 received on resignation is eligible for exemption u/s 10(10AA). Tribunal observed that the expression “retirement whether on superannuation or otherwise” used in section 10(10AA) is of wide amplitude and squarely covers cases of resignation, relying on binding precedents of Madras HC in CIT v. R.J. Shahney and Bombay HC ...
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Author Bio
I am 35 years old and I received leave encashment amount of Rs 1 lac on resignation from Employer “A” during the financial year 2025-26. I have joined another job at employer “B”
Will I have to pay income tax on Rs1 lac amount, or it will be exempted as I received on resignation as leave encashment amount