Taxability of Leave Encashment Under Salary | Income Tax | CA Inter | CA Rohan Gupta

Here is Taxability of Leave Encashment Under Salary | Income Tax | CA Inter | CA Rohan Gupta
In this video, CA Rohan Gupta explains Taxability of Leave Encashment Under Salary | Income Tax | CA Inter | CA Rohan Gupta in depth yet in a simplified and interesting manner. This video is for all students who wish to gain clarity on the topic.
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[@mahekmehta421]

Read it in module but did'nt knew the reason behind it....Thank You So much 😊😊

[@happyworld4510]

If a person leave a company from and he moves x to y in this case received earn money encashment is exempt or not

[@AnupamSingh-ue2pu]

What is the definition of salary here? Basic salary + DA or Monthly Gross salary including all allowances

[@sushantachoudhury7021]

The tax exemption on leave encashment of non-government salaried employees (in respect of the period of earned leave at his credit at the time of his retirement, whether on superannuation or otherwise) was earlier upto a limit of Rs.3 lakh only under section 10(10AA)(ii) of the Income-tax Act,1961(the Act).
In pursuance to the proposal in the Budget Speech, 2023, by the hon’ble FM, the Central Government has notified the increased limit for tax exemption on leave encashment on retirement or otherwise of non-government salaried employees to Rs. 25 lakh w.e.f. 01.04.2023.

[@titan4213]

👍

[@savitashukla9497]

You are god man love you may god bless you

[@adityapatange2515]

Great!!

[@SanjeevKumar-zw1om]

This video is deserve a million of views

[@IamCARohanGupta]

Thank you so much Sanjeev :)

[@rajivkumar3623]

Explained it in a very simple way 👏

[@shivamkumar9889]

please do make more of such videos bhaiya.... really so helpful!
Best wishes to you ❤️

[@aswingopu]

Pls do a video on Residential status, historical background logic

[@snehavarshney240]

Aise teacher ho to padne me kesa boredom 😻......beautifully explained 🙌

[@IamCARohanGupta]

Thank you Sneha :)

[@flinstones7679]

Such a great educational video

[@parthibchatterjee1685]

i generally do not comment but this was really great explanation by you. Short, Crisp & Simple, Kudos to you.

[@vaishnavichavan1679]

now maximum limit is 25 lakh instead of 3 lakh ,Grateful explanations 🎉CA sir

[@AbhiShek-me3yb]

Brilliant sir your explanation is love but my small request sir please cover full salary chapter in one video even if video will 60 minutes longer we'll watch or make a playlist of income from salary head, love from chhattisgarh ❤️

[@hypertheorytech2578]

Those who retired on 2022 2023 financial year. Do they will get 25 lac leave encashment limit.
Or only who retired after 1st April 2023 only they are egligible.
They will file return for assessment year 2024 2025.

[@chitranshii3]

Explained very well ❤

[@aswingopu]

Pls Pls tell the logic behind different salary definitions. In this case, why salary = Basic + DA(interms) + commision percentage of t/o

[@superrb24]

Leave Encashment Received During Service: When an employee receives leave encashment while still employed, the entire amount is considered taxable and forms part of their 'Income from Salary.' However, employees can claim tax benefits under Section 89 of the Income Tax Act. To avail of this relief, they need to fill out Form 10E and submit it online through the income tax portal. How it is covered in section 89?

[@mokshitasaini3840]

I have my income tax exam tomorrow and your videos are really helping me out..❤

[@a.k.949]

Thank you❤

[@arunshetty7896]

Now the limit of 3 lakhs is amended to 25 lakhs
And i liked the way he explained 😭✨...

[@priyankachugh4918]

is it applicable at the time of resignation from private company

[@YashRajput-o4d]

Aap Bhoot hi Aacha smjhate ho Sir thnku Soooo much

[@anupamchatterjee4238]

Half pay leave encashment after retirement is exampt in incometax? If yes please let me know the section.

[@shashankbarnawal1523]

What are the rules for private emp when employee resigns from company?

[@vighneshbhadani4079]

Nice explanation sir...!

[@IamCARohanGupta]

Thank you Vighnesh :)

[@AmanShaw-cz8pl]

Clear .👍

[@GauravA-y8t]

what if I resign after 5 years of govt. service? Am I eligible for exemption in leave encashment?

[@cricketclassics5490]

Do resignation come under retirement from a employer?

[@shreyasinha5229]

😍😍

[@Sachin-ee8zm]

Half pay leave(HPL) ki encashment at the time of retirement taxable hota hai kya for government employees?

[@Justwatch52865]

Thank u 😊

[@mishtisworld6246]

Nicely explained

[@IamCARohanGupta]

Thank you so much :)

[@shoaibhussain2681]

Can any one please tell me, I am 32, my contract of employment with Amazon ended after 23 months of service and the company paid me, leave encashment, gratuity , will it not be exempt?? I got them at the time of returning from that company??

[@caaspirant1873]

Very very helpful sir

[@miljhil]

What about leave enchased in F&F while switching the job ?

[@mahesh113322]

Bro any information on the above query?

[@poojakaviya5850]

👍