Exemption from income tax - Leave encashment by the employees other than an employee of the Government - Specifies Rs. 25,00,000 as maximum amount received as leave encashment for the purpose of section 10(10AA)

Exemption from income tax - Leave encashment by the employees other than an employee of the Government - Specifies Rs. 25,00,000 as maximum amount received as leave encashment for the purpose of section 10(10AA) https://www.taxtmi.com/notifications?id=140195 Specifies a monetary ceiling for tax exemption of cash equivalent of earned leave payable at retirement under section 10(10AA), fixing Rs. 25,00,000 as the maximum exempt amount for employees covered by that sub clause who retire, effective from 1 April 2023 with certification that no person is adversely affected by retrospective operation. en-us Wed, 24 May 2023 00:00:00 +0530 Fri, 02 Jun 2023 14:54:00 +0530 TaxTMI RSS Generator Exemption from income tax - Leave encashment by the employees other than an employee of the Government - Specifies Rs. 25,00,000 as maximum amount received as leave encashment for the purpose of section 10(10AA) https://www.taxtmi.com/notifications?id=140195 Specifies a monetary ceiling for tax exemption of cash equivalent of earned leave payable at retirement under section 10(10AA), fixing Rs. 25,00,000 as the maximum exempt amount for employees covered by that sub clause who retire, effective from 1 April 2023 with certification that no person is adversely affected by retrospective operation. Notifications Income Tax Wed, 24 May 2023 00:00:00 +0530 https://www.taxtmi.com/notifications?id=140195