Tax Exemption Limit For Leave Encashment For Salaried Employees Hiked To Rs 25 Lakh
So far, the tax exemption on leave encashment for non-government employees was Rs 3 lakh which was fixed in 2002, when the highest basic pay in the government was Rs 30,000 per month.
May 26, 2023, 08:29 AM IST
New Encashment Rule: THESE Employees to Get Rs 20,000 Profit Per Year- Here's How
Sanjay Malhotra, the revenue secretary said that government employees, including those employed by AIIMS, will also profit from the new "leave encashment" exemption.
Feb 07, 2023, 12:46 PM IST
Cabinet approves leave encashment for soldiers
The Union Cabinet on Wednesday approved leave encashment for soldiers who were killed in action or were invalidated out of service between 1991 and 1999, an official here said.
Apr 19, 2017, 19:29 PM IST
