Leave encashment means getting money in exchange for unused paid leave. Employees usually get this benefit when they retire, resign, or are terminated from service. This ensures they are compensated ...

Is leave encashment exempted under Sec 10 (10AA) of the Income Tax Act on retirement? Is the money received from an employer towards encashment of pending leaves be considered for exemption ...

Tax-Free Leave Encashment: In the Union Budget 2023-24 a new benefit for retired salaried employees rises. A new tax-free limit for leave encashment now allows people to claim up to ₹25 lakhs in the ...

Whenever you receive a corpus amount from your employer, the first thing that comes to mind is tax, which majorly happens in the case of retirement or partial withdrawal from savings, like PPF or NPS.

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. Earlier, ...

The right to leave encashment is like the right to property, earned by an employee, and leave encashment cannot be denied even to an employee dismissed from service on the charge of misconduct, ...

Lawmakers are increasingly opposing the recent government announcement on leave encashment terms for state employees. KUWAIT CITY, Nov 12, (Agencies): The government's recent unveiling of leave ...

State-owned Singaporean firm Mediacorp has repaid about 2,300 past and previous employees as it corrected an inaccurate leave encashment formula that was in use for more than a decade, according to a ...