calculate_leave_encashment_tax
Calculate tax-exempt leave encashment under Section 10(10AA) and determine the taxable portion from salary, earned leave, and service years.
Instructions
Calculate tax-exempt portion of leave encashment under Section 10(10AA).
Use when computing leave encashment tax exemption or planning retirement benefits.
Args: leave_encashment_amount: Actual amount received average_monthly_salary: Average of last 10 months basic + DA earned_leave_balance_days: Days of earned leave years_of_service: Total years of service is_government_employee: Government employee flag
Returns: Exemption amount and taxable portion breakdown.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| years_of_service | Yes | Total years of service | |
| average_monthly_salary | Yes | Average of last 10 months basic + DA | |
| is_government_employee | No | Government employee flag | |
| leave_encashment_amount | Yes | Actual amount received in INR | |
| earned_leave_balance_days | Yes | Days of earned leave |
Output Schema
| Name | Required | Description | Default |
|---|---|---|---|
No arguments | |||