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...
23 Nov, 2025, 07.00 AM IST
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...
13 Nov, 2025, 11.43 AM IST
Tax exemption limit on leave encashment increased to Rs 25 lakh for non-government salaried employeesThe finance ministry announced the maximum limit for encashment of earned leave that is exempt from income tax in accordance with the budge...
31 Jul, 2023, 12.21 PM IST
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...
25 May, 2023, 07.40 PM IST
Union Budget: 10 things individual taxpayers should knowSurcharge for taxpayers with taxable income more than 5 crore has been reduced to 25% from 37% under the new tax regime. The highest tax ra...
02 Feb, 2023, 10.37 AM IST
India Budget 2023: Sitharaman offers cash bounty if you don't take leave from work"The limit of Rs 3 lakh for tax exemption on leave encashment on retirement of non-government salaried employees was last fixed in the year...
01 Feb, 2023, 08.20 PM IST
Tax exemption on leave encashment on retirement of non-government salaried employees increased in Budget 2023According to Nirmala Sitharaman in her Budget speech, “The limit of Rs 3 lakh for tax exemption on leave encashment on retirement of non-go...
01 Feb, 2023, 05.41 PM IST
LTC Cash Voucher Scheme: 42 queries answered by governmentThe government has announced the LTC Cash Voucher Scheme in lieu of LTC travel scheme via a press conference dated October 12, 2020. As the...
15 Mar, 2021, 09.53 AM IST
How central government employees can avail benefit under LTC cash voucher schemeHere is a look at the details of how central government employees can avail the LTC cash voucher scheme as per an office memorandum issued ...
11 Feb, 2021, 04.43 PM IST
Should you opt for the LTC cash voucher scheme? Here's how much tax you will saveHere is a look at how much you stand to gain by opting for the LTC cash voucher. This story will tell you about the rules of availing the L...
11 Feb, 2021, 04.24 PM IST
Govt launches tax-exempt LTC cash voucher scheme to boost consumer spendingThis is a one-time scheme and payment will be only in lieu of one LTC during the block of four years 2018-21. This should help people to so...
13 Oct, 2020, 03.36 PM IST
FM urged to equalise tax benefits for govt and non-govt employees in Budget 2020The Income-tax Act, 1961 differentiates between a government employee and non-government employee. However, this should not be the case. Th...
17 Jan, 2020, 04.56 PM IST
Budget 2018: Here are the tax reliefs that salaried tax-payers are hoping forHere are some changes in the exemption limits and deductions on various allowances which the salaried taxpayers are expecting in Budget 201...
29 Jan, 2018, 06.30 AM IST
Budget 2015: How tax benefits can boost your take-home payIf your employer does not give you HRA, deduction for rent paid by you is available from gross taxable income, subject to various limits.
01 Mar, 2015, 02.59 PM IST
- Query corner: Taxation
Our expert guides you in matters relating to taxation.
25 Jan, 2011, 05.58 AM IST
- Query corner: Taxation
Our expert Vaibhav Sankla, executive director, Adroit, guides you in matters relating to taxation.
14 Dec, 2010, 05.33 AM IST
'Set up trusts to fund future benefits’Kulin Patel, who heads the Indian arm of Watson Wyatt - a global employee benefits, insurance and financial services consulting firm - spok...
09 Oct, 2008, 04.21 AM IST