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Commerce · Q182

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 182

Q182

Every salaried person as per labour law is entitled to a minimum number of paid leave every year. However, it is not necessary that an individual employee utilises all the leave he is entitled for a year. Which of the following acts has the provision of 'encashment of earned leave' under Income Tax Act, 1961?

A.
Section 10(10AA)
Answer
B.
Section 12(10A)
C.
Section 15(10B)
D.
None of the above

Answer: Option A

Solution

Answer: Option A
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