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 wheth Please become a Premium member. If you are already a Premium member, login here to access the full content.
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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