Enhanced Tax Exemption on Leave Encashment: Non-Government Salaried Employees in FY 2023-24

CA Rakesh Ishi , Last updated: 06 July 2023  
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Introduction The Finance Ministry recently announced a significant increase in the tax exemption limit for leave encashment on retirement for non-government salaried personnel. The limit has been raised from ₹3 lakh to ₹25 lakh, effective from April 1st, 2023. This change aims to provide substant

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CA Rakesh Ishi
(Working at Private Company)
Category Income Tax   Report

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