Friday, March 29, 2024
HomeBusinessTax Exemption Limit For Leave Encashment For Salaried Employees Hiked To Rs...

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.



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