Leave encashment on retirement for bankers

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1 Points Posted on 08 May 2021
Whether full amount is exempted for leave encashment on retirement for the bank employees.
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On 08 May 2021 at 07:25 Report
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This discussion explores the tax exemption status of leave encashment upon retirement for bank employees. While government bank employees typically receive full exemption, other banks may offer exemption up to a certain limit. The query seeks specific government orders or notifications clarifying these rules.

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Chartered Accountant
24588 Points Posted on 08 May 2021
For Government bank employees leave encashment are exempted. In case of other banks, leave encashment are exempted upto 300000 rupees
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On 08 May 2021 at 09:20
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4 Points Posted on 02 October 2021
Please advise the government order/notification
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On 02 October 2021 at 16:20

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