Taxability of leave encashment during second employment

Viewed 2008

tax free limit for leave encashment is INR 300,000 for whole life , at the time of leaving of company if employee will ask for leave encashment benefit how employer will check whether employee has already exhausted his/her INR 300,000 limit during all previous employments? Should employer take one declaration from employee that he/she has not exhausted INR 300,000 tax free limit in previous employments

Please advice

1 Answers

As such there is no mention in rule that this deduction is available once in a life. You should take this deduction at each time of leaving from an employer.

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