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Calculate your leave encashment amount and estimate the tax-exempt and taxable portions as per Indian income tax rules (updated for Budget 2023).
As per the leave balance to be encashed
| Component | Amount |
|---|---|
| Encashment Amount | ₹57,692 |
| Tax-Exempt Portion | ₹57,692 |
| Estimated Taxable Portion | ₹0 |
Exempt = least of: actual encashment, 10 months' basic salary, or ₹25 lakh limit (Budget 2023).
Note: Exact taxability depends on total leave encashment received across all employers during your lifetime. Consult a Chartered Accountant for final tax computation.
Important exemption limits, eligibility conditions, and taxability scenarios under Section 10(10AA) of the Income Tax Act.
Track leave balances, automate encashment calculations, and manage full & final settlements — all in one platform built for Indian compliance.
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