leave encashment

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.…

<!-- -->Tax on leave encashment and other detailsLeave encashment is the amount of money received in exchange for a period of leave not availed by an employee.Leaves available to employees in the organised sector are usually divided…

What comes as even more good news for central government employees ahead of the festive seasons, the government has announced that they will get gratuity, cash payments and a hike in their Dearness Allowance (DA). The Department of…