Leave encashment at the time of retirement is fully exempted

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673 Points Posted on 22 November 2022
i have received circular that it is fully exempted.
whether it is correct or not
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On 22 November 2022 at 18:30 Report
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This discussion clarifies the tax exemption on leave encashment received at retirement. While government employees are fully exempt, others, including SBI employees (as SBI is a PSU), are exempt up to £3 lakh. For non-government employees whose encashment exceeds this threshold, the amount over £3 lakh will be taxable.

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1392 Points Posted on 22 November 2022
For govt employee is exempt and for others exempt upto 3lkh
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On 22 November 2022 at 19:45
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673 Points Posted on 22 November 2022
I am an employee of SBI
weather it is applicable or not
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On 22 November 2022 at 20:05
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1392 Points Posted on 22 November 2022
Exempt upto 3 lkh , sbi is a PSU
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On 22 November 2022 at 20:25
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Chartered Accountant
145 Points Posted on 22 November 2022
Taxable non govt employee exceeded 3lakh

regard
https://www.rathoretaxconsultant.com/
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On 22 November 2022 at 20:29

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