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  • For Claiming Leave Encashment Tax Exemption

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    Aditya Pradhan
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    The document is a declaration form for an employee claiming leave encashment exemption. It requests information about the employee's previous organization, including company name and address, period of employment, amount of leave encashment received, and any exemption already availed under section 10(10AA) of the Income Tax Act. The employee declares that the information provided is correct to the best of their knowledge. A note explains that as per the Income Tax Act, the total exemption over an employee's career is capped at Rs. 3,00,000.

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    For claiming leave encashment tax exemption

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    The document is a declaration form for an employee claiming leave encashment exemption. It requests information about the employee's previous organization, including company name and address, period of employment, amount of leave encashment received, and any exemption already availed under section 10(10AA) of the Income Tax Act. The employee declares that the information provided is correct to the best of their knowledge. A note explains that as per the Income Tax Act, the total exemption over an employee's career is capped at Rs. 3,00,000.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    22 views1 page

    For Claiming Leave Encashment Tax Exemption

    Uploaded by

    Aditya Pradhan
    The document is a declaration form for an employee claiming leave encashment exemption. It requests information about the employee's previous organization, including company name and address, period of employment, amount of leave encashment received, and any exemption already availed under section 10(10AA) of the Income Tax Act. The employee declares that the information provided is correct to the best of their knowledge. A note explains that as per the Income Tax Act, the total exemption over an employee's career is capped at Rs. 3,00,000.

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    © All Rights Reserved
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    For claiming Leave encashment Exemption

    Emp ID: __________

    Name: ____________________

    PAN: ________________

    Declaration

    This is to inform that I have worked in the following Organization prior to Joining Lowe’s Services
    India Pvt Ltd. I…………. (have/have not) availed the Leave encashment exemption in my previous
    organization. The details of which are furnished below.

    Previous comp Company Name Period of Leave encashment Exemption Availed


    Emp code and address employment (From Received Amount U/s 10 (10AA) -
    & to) Amount

    I hereby declare that above information is correct to the best of my Knowledge and my income tax
    liability can be computed based on above.

    Signature of the employee

    Date:

    Note: As per IT ACT the aforesaid provision, in simple terms states that total exemption throughout your
    career is only up to maximum Rs. 3,00,000. So, if you have already claimed certain amount as exempt, that
    much amount will be reduced from the income compute for exemption purpose u/s 10(10AA)

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