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EMPLOYEE LEAVE ENCASHMENT
Filing ITR? Don’t ignore the ‘nature of employment’ field; it can affect NPS & retirement tax benefitsThe "Nature of Employment" field in the ITR is more than a routine disclosure. An incorrect selection can affect certain tax benefits, incl...
Bengaluru techie who started with just Rs 5,000 salary now has Rs 70 lakh net worth, but still carries one regret he cannot forgetA Bengaluru tech professional's journey from a Rs 5,000 monthly salary to a Rs 45 lakh annual package and Rs 70 lakh net worth is inspiring...
Rs 5000 monthly starting salary, Rs 70 lakh savings: Bengaluru employee shares the strategy he used for wealth creationA Bengaluru-based tech professional has gone viral after sharing his 12-year career journey on Reddit, revealing how he grew from earning R...
Retired employee claims tax exemption on Rs 19 lakh leave encashment; I-T dept issues notice and caps it at Rs 3 lakh; ITAT Chennai grants him full reliefWhen Mr Balasubramanian Venkatachalaperumal from Jagadamal Street retired from ONGC in FY 2019-20, he got Rs 19.05 lakh as leave encashment...
American Express vs Indian Company: Viral post highlights stark gap in work culture, FNF settlements and gratuity practicesA viral X post contrasted a smooth exit from a global firm with a friend's difficult experience at an Indian employer, sparking debate on s...
ITR filing 2026: 9 key checks every taxpayer must make for AY 2026–27India's income tax administration has become increasingly data-driven, with information from TDS/TCS reporting, SFT filings and other sourc...
8th Pay Commission latest news: Railway pensioners' body demands one rank one pension, inflation-linked pension revisionRetired railway employees are urging the 8th Pay Commission to implement one rank one pension. They also demand a revision of basic pay and...
Leave encashment tax rules for AY 2026-27: How much exemption salaried employees can claimITR Filing 2026-27: Salaried employees can claim tax exemption on leave encashment at retirement. While government employees enjoy full exe...
8th Pay Commission: Why these 62,000 defence civilian employees want to retain their central government employee statusOver 62,000 defence civilian employees are hopeful of retaining their central government employee status following a cabinet secretary's as...
New Labour Code: Are 2-day full & final settlement and leave encashment rules already in force?
Minimum 2% annual salary increment for these employees as per Rule 185 of Central Government’s new labour code rules; Know the detailsNew labour codes from the Central Government introduce a mandatory 2% annual salary increment for regular contractual workers. This rule ap...
Rules for faster full and final settlement, annual leave encashment & other provisions are already effective under new labour code even without state government notification, know what it meansNew labour code provisions are now effective across India from November 21, 2025. Employee benefits like faster full and final payments and...
Your in-hand salary may not change under the new labour code yet, know whySalaried employees are yet to see benefits from the new labour codes due to delayed state-level implementation. While some aspects like ESI...
Tata Motors rolls out VRS after union push; around 300 employees opt inTata Motors recently offered a voluntary retirement scheme to its employees. This initiative was a response to demands from worker unions. ...
8th Pay Commission fitment factor demand: Railway employee body demands multiple fitment factors; minimum pay of Rs 52,600The Indian Railways Technical Supervisors’ Association (IRTSA) has submitted a memorandum to the 8th Pay Commission demanding five distinct...
Tax-free allowances rise, so do employer costs: The salary structuring dilemma under the Social Security CodeEnhanced tax-free allowances under the Income-Tax Rules, 2026 can improve employees’ take-home pay. However, the expanded definition of “wa...
Can you be forced to work on holidays? New labour law rules explainedBosses often pressure employees to work on off-days for targets, but Indian labour laws protect your right to rest. Employees generally can...
Release remaining 30 pc gratuity, leave encashment of ex-class-IV employees: HP govtThe Himachal Pradesh government has ordered the immediate release of the remaining 30 percent gratuity and leave encashment arrears for Cla...
Worked for 6 months? You’re eligible for earned leave now - plus annual encashment under new Labour Code 2025Employees can now claim earned leave after just 180 days of work, a significant reduction from previous norms. The new labour code also int...
Earned leave encashment is a constitutional right; it's like property that employers can't deny: HCGujarat high court has ruled that depriving an employee of earned leave encashment violates constitutional rights. The court affirmed a lab...