ITAT Jaipur Grants Tax Exemption on Rs 9.29 Lakh Leave Encashment to Retiree
A retired employee received an income tax notice for not paying tax on Rs 9.29 lakh leave encashment. The Income Tax Appellate Tribunal (ITAT) Jaipur ruled that non-government employees are entitled to a Rs 25 lakh exemption on leave encashment. Consequently, the retiree was granted tax exemption on the amount.
Economic Times··Jaipur



