Asked and Answered: Taxability of Leave Encashment on Superannuation

by Vinaya HS on December 9, 2011

in Finance

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Reader Subrata asks:

Is leave encashment on superannuation taxable? I’m nearing retirement and would have accumulated 300-days of leave.

I have absolutely no clue on this topic (and I can’t remember the last time I accumulated leave). Therefore, I thought I’d open it up for a wider audience right away.

Do you know the answer?




Thanks for reading this article. I'd love to hear your opinion. Please use the comments section below to share your thoughts. I frequently write new articles that also cover several other aspects of personal finance including credit cards, financial goals, health insurance, income tax, life insurance, mutual funds, retirement planning, and much more. You can Subscribe through Email and receive new articles directly in your Inbox or you can Subscribe through the RSS Feed and receive new articles in your feed reader.

{ 1 comment… read it below or add one }

Girish December 17, 2011 at 7:05 PM

Leave encashment is taxable, I have been encashing my leaves for past few years and it is added as one more earning to the tax calculation.
Girish

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