tax exemption – ScoreZip.in

Retired bank employee got Rs 12.27 lakh leave encashment and claimed Rs 3 lakh exemption in 2020, but government later hiked limit to Rs 25 lakh in 2023; ITAT Chennai allows full tax exemption

A CBDT Notification No. 31/2023 dated 24 May 2023 increased the exemption limit for non-government employees…