Income tax on leave encashment

AMIT KAUSHIK (Employee) (52 Points)

21 May 2020  

A Company is under insolvency process. During this management asked to their employees to submit leave encashement request (as management requested, employees taken their leave encashments).

Due to this their income tax slab are changed and their tax deducted as per the applicable rates.

Is any possibilities in this case to get tax exemptions ?