calculate_leave_encashment_tax
Calculate tax-exempt portion of leave encashment under Section 10(10AA) for Indian employees, aiding accurate tax computation and retirement benefit planning.
Instructions
Calculate tax-exempt portion of leave encashment under Section 10(10AA).
Use when computing leave encashment tax exemption or planning retirement benefits.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| leave_encashment_amount | Yes | Actual amount received in INR | |
| average_monthly_salary | Yes | Average of last 10 months basic + DA | |
| earned_leave_balance_days | Yes | Days of earned leave | |
| years_of_service | Yes | Total years of service | |
| is_government_employee | No | Government employee flag |
Output Schema
| Name | Required | Description | Default |
|---|---|---|---|
No arguments | |||