https://www.taxtmi.com/forum/issue?id=120370 Employees of nationalised banks and public sector undertakings are not treated as Central or State Government employees for income-tax purposes; consequently, leave salary encashment received by such employees on retirement is eligible for exemption under section 10(10AA) only up to the limit prescribed by executive notification, rather than enjoying the full exemption applicable to Central/State Government employees. en-us Wed, 20 Aug 2025 11:34:32 +0530 Fri, 29 Aug 2025 18:41:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120370 Employees of nationalised banks and public sector undertakings are not treated as Central or State Government employees for income-tax purposes; consequently, leave salary encashment received by such employees on retirement is eligible for exemption under section 10(10AA) only up to the limit prescribed by executive notification, rather than enjoying the full exemption applicable to Central/State Government employees. Discussion-Forum Income Tax Wed, 20 Aug 2025 11:34:32 +0530 https://www.taxtmi.com/forum/issue?id=120370