Is the leave encashment deduction of 25L applicable to AY 2023-24?

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swe
26 Points Posted on 22 June 2023

Hi,

Is the leave encashment deduction of 25L applicable to AY 2023-24?

I resigned from my previous employer (a non-government company) in Jan 2023, and received some amount of leave encashment that exceeds 3L but is below 25L.

Can I claim tax exemption upto the entire amount in AY 2023-24?

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On 22 June 2023 at 11:28 Report
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Finance/Compliance Consultant
69513 Points Posted on 04 July 2026

Summary: The increased exemption limit of ₹25 lakhs is effective from April 1, 2023. As your resignation and receipt of payment occurred in January 2023 (within FY 2022-23), the previous limit of ₹3 lakhs applies to your case for AY 2023-24.

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On 04 July 2026 at 08:46

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