Some employers allow their employees to avail partial encashment of accumulated leave during continuance of their service
Generally, all employees are eligible to avail certain number of paid leave every year. Paid leaves are part and parcel of incentives offered by employers to join that company. Income tax laws grants exemption for encashment of such paid leaves partly as well as fully. Let us discuss in detail.
Source: https://www.livemint.com/money/personal-finance/know-income-tax-rules-on-leave-encashment-during-service-or-switching-job-11649993787198.html
