Under Clause 10AA of Section 10, the maximum amount of leave salary received which is not chargeable to tax for non- governmental employees is ............

CS Executive · Tax Laws and Practice · PYQS · December 2021
Under Clause 10AA of Section 10, the maximum amount of leave salary received which is not chargeable to tax for non- governmental employees is ............
(A) ₹2,00,000
(B) ₹3,00,000
(C) ₹5,00,000
(D) ₹1,00,000

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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