Taxman caps SBI retiree’s leave exemption at Rs 3 lakh; but ITAT grants full relief
viaTimes of India21 Oct
Under income tax law, SBI staff are treated as non-government employees and, therefore, can claim leave encashment exemption subject to the applicable limit. A retired SBI employee from Jaipur, was unaware of this distinction. When he retired in 2020 he received Rs 9.29 lakh as leave encashment and…
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