Leave Encashment At Retirement: What Is The Tax Exemption Limit And How Is It Calculated?
In the fiscal 2023-24 budget, the government announced a new leave encashment limit of up to Rs 25 lakh for income tax exemption.
![Leave Encashment At Retirement: What Is The Tax Exemption Limit And How Is It Calculated?](/_next/image?url=https%3A%2F%2Fs3.ap-south-1.amazonaws.com%2Fimages.outlookindia.com%2Fwp-content%2Fuploads%2F2023%2F11%2FTS-300x200.jpg&w=256&q=75)
In the fiscal 2023-24 budget, the government announced a new leave encashment limit of up to Rs 25 lakh for income tax exemption.
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