Leave encashment on retirement for bankers

Whether full amount is exempted for leave encashment on retirement for the bank employees.
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Quick Summary
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.

For Government bank employees leave encashment are exempted. In case of other banks, leave encashment are exempted upto 300000 rupees
Please advise the government order/notification

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