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LEAVE ENCASHMENT
Retired employee received income tax notice for Rs 9.04 lakh leave encashment; she wins case in ITAT Jaipur, know how leave encashment is taxedRetired employee sent income tax notice for Rs 9.04 lakh leave encashment, she wins case in ITAT Jaipur; Know how leave encashment is taxed...- Forget IPO, cash us out: Flipkart alumni press Walmart againFormer executives asked Flipkart parent Walmart to delink their liquidity from the Bengaluru-based ecommerce company’s proposed initial pub...
- Flipkart ex-staff push for Esop buyout; Wipro, Tech Mahindra’s Q2 reportHappy Friday! Former Flipkart employees are asking Walmart to cash out their vested stock options. This and more in today’s ETtech Morning ...
- VRS offer in hand? Check these tax rules before you accept the packageContemplating a Voluntary Retirement Scheme (VRS)? Prior to making your decision, it’s crucial to analyze the overall financial implication...
- Employers face compliance hurdles as states delay notification of Labour Code rulesTen states and union territories have formally adopted some Labour Codes, creating compliance challenges for companies. Major industrial st...
- Companies upset as states delay labour codes adoptionMajor industrial states including Karnataka, Tamil Nadu, Maharashtra, Telangana, Haryana and Punjab are taking longer than expected to noti...
- These employees can get a bonus of up to 20% of their wages under the new labour code; check the detailsGood news: Employees earning up to Rs 21,000 can receive a bonus under the new labour code; Bonus is atleast 8.33% and maximum 20% of wages.
- SC directs Assam not to appoint teachers in schools, colleges under provincialisation schemeIn a significant ruling, the Supreme Court has instructed Assam to halt teacher appointments under the provincialisation scheme due to conc...
- Widow loses family pension after 7 years: Government notification issued in 2005 can’t be applied retrospectively, rules Patna High CourtGovt employee died in a naxalite bomb blast in 2003. His widow received an ex gratia payment and a seven-year family pension. She sought an...
- New labour code impact: Rs 8k less take home pay likely for employee with Rs 15 lakh CTC; check the impact on CTCs of Rs 10 lakh, Rs 25 lakh and Rs 50 lakhNew labour codes mandate higher provident fund contributions for employees. This change reduces monthly take-home pay for many salaried ind...
- Gratuity forfeited, pension denied, and leave encashment delayed for 9 years due to criminal proceedings leading to employee's conviction; family fought back in Delhi High Court and won 6% interest on leave encashment on this groundGratuity, pension forfeited but only leave encashment paid after nine years delay without interest; retired employee wins case in Delhi Hig...
- 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...
- Retiring in 2026? Check how much tax-free leave encashment you can claim before filing ITR
- 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...
- 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...
- Retired government employee denied tax exemption on leave encashment,fights and wins in ITAT Chandigarh; here’s whyIn a recent ruling, the Income Tax Appellate Tribunal in Chandigarh has granted a significant tax relief to Mr. Saini, a retired worker fro...
- Retired employee denied tax exemption on Rs 13 lakh leave encashment, ITAT Jaipur restores tax benefit under new Rs 25 lakh limitA retired State Bank of India employee from Jaipur won a tax case. The Income Tax Appellate Tribunal ruled in his favor, increasing his lea...
- 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...
- CBDT notifies enhanced leave salary encashment limit for non-government employeesThe CBDT’s notification aims to implement the Budget 2023 proposal that promised to increase the income tax exemption limit on earned leave...
- Maximum period of leave for govt employees, leave encashment, childcare leave: Govt answers 19 FAQsThe government has published Frequently Asked Questions (FAQs) on leave policies and entitlements. This replaces the CCS (Leave) Rules of 1...
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