Leave encashment at the time of retirement of an employee is exempted for Government Employee under Section 10(10AA). Here Government Employee means:

CS Executive · Tax Laws · PYQS · December 2023
Leave encashment at the time of retirement of an employee is exempted for Government Employee under Section 10(10AA). Here Government Employee means:
(A) Central Government Employee only
(B) Central and State Government Employee
(C) Central and State Government Employees and Employees of local Authorities
(D) Central and State Government Employees and Employees of local Authorities and Employees of statutory corporations

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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