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Leave encashment by bank employees at the time of retirement

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(Querist)
06 September 2021 I heard that the leave encashment amount received by bank employees at the time of retirement is fully exempt from tax.
Can anyone provide circular or sec no regarding this
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 September 2021 Only 3 lacs exempt for bank employees.
The calculation of exempt leave encashment os as per section 10(10AA)

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