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Leave Encashment Exemption Declaration

The employee, Sahil Sudhir Khanna, is requesting exemption on leave encashment paid as part of his full and final settlement from the company on April 29, 2022. He confirms that he has previously availed exemption of an unspecified amount during prior assessment years, with the current exemption ceiling being Rs. 300,000. The differential amount available for exemption is the maximum ceiling minus any amount already availed. The employee understands the exemption is granted based on his declaration and agrees to indemnify any losses that may arise for the employer due to incorrect information.

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Sahil Khanna
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299 views1 page

Leave Encashment Exemption Declaration

The employee, Sahil Sudhir Khanna, is requesting exemption on leave encashment paid as part of his full and final settlement from the company on April 29, 2022. He confirms that he has previously availed exemption of an unspecified amount during prior assessment years, with the current exemption ceiling being Rs. 300,000. The differential amount available for exemption is the maximum ceiling minus any amount already availed. The employee understands the exemption is granted based on his declaration and agrees to indemnify any losses that may arise for the employer due to incorrect information.

Uploaded by

Sahil Khanna
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd

DELCARATION

10(10AA)
FOR AVAILING EXEMPTION ON LEAVE ENCASHMENT UNDER SECTION

Empcode: 0023 89
Emp Name: SAHIL SUDHIR
Date of Leaving: KHANNA
29 APRIL 202 2

ncoy request you to provide exemption on leave encashment paid to me along with my full and final settlement.

Thereby confirm that I have availed the following amount as exemption during my previous assessment years:
Financial Year(s)
Amount Availed:
Current Exemption ceiling: 300000

Differential amount available for exemption: (Maximum ceiling minus Amount already availed)
I understand that the
exemption is granted based on my above declaration and I hereby agree to indemnify any loss
that may arise to myemployer on account of this exemption, due to lapse in providing information or concealing
facts which would have an effect of me not
being eligible for exemption under this exemption.

K l a n

Signature of the Employee

Date 3" MAY 2022


Place MUNBAI

Criteria for Exemption


a) Leave encashment actually received.

b) Cash equivalent of earmed leave (not excedding 30 days for each year of service) at his credit on retirement.

c) Ten months average salary (salary for this purpose includes D.A. but excludes other allowances and perquisites)- average of salary drawn during ten
months preceding his retirement, whether on superannuation or otherwise.

d) Monetary limit as laid down below.


Sr.No._ Period of Retirement Amount (in Rs.)
01.01.1988 to 31.03.1995 79,920
01.04.1995 to 30.06.1995 1,30,320
01.07.1995 to 30.06.1997 1,35,360
01.07.1997 to 31.03.1998 2,40,000
01.04.1998 onwards 3,00,000
(Least of above value of a,b,c,d will be exempted)

A.Uua

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