encashment

The tax exemption on leave encashment for the private sector has been increased to Rs 25 lakh.The government has decided to increase the scope of tax exemption on leave encashment for the employees of the private sector.The Union Budget…

Revenue Secretary Sanjay Malhotra in New Delhi. File | Photo Credit: ANI The Indian government has notified a hike in the tax exemption limit for leave encashment benefits received by salaried employees at the time of retirement from ₹3…

PTI | | Posted by Nisha Anand In line with the Budget announcement, the finance ministry on Thursday hiked the tax exemption limit for leave encashment upon retirement for private sector salaried employees to ₹25 lakh.…

<!-- -->New Delhi: In line with the Budget announcement, the finance ministry on Thursday hiked the tax exemption limit for leave encashment upon retirement for private sector salaried employees to Rs 25 lakh.So far, the tax exemption…

To claim tax relief for leave encashment, it is necessary to complete Form 10E.The employer is obligated to provide compensation for the unused paid leave, which is commonly referred to as leave encashment.As per labour laws, every employed…

Eighth draw of Rs25,000 Denomination Prize Bonds held at State Bank of Pakistan Lahore on December 12, 2022. — NNI  The State Bank of Pakistan (SBP) on Monday reminded the public that June 30 is the last date for the encashment and…

An undated image of Rs200 prize bonds . — Online/FileAll holders of prize bonds worth Rs7,500, 15,000, 25,000, and 40,000 can redeem the withdrawn prize bonds till June 30, 2023 after the State Bank of Pakistan (SBP), with the…

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Revenue Secretary Sanjay Malhotra. | Photo Credit: PTI Leave encashment benefits received by the salaried class at retirement, whose limit has been hiked from ₹3 lakh to ₹25 lakh in the Budget, will be tax-free in their hands under the new…

An undated image of prize bonds. — Online/FileThe State Bank of Pakistan (SBP), after the approval of the federal government, extended the date to redeem withdrawn prize bonds of Rs7,500, 15,000, 25,000, and 40,000.The announcement…